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The Ins and Outs of Government Contracting

The Ins and Outs of Government Contracting

by | Jun 8, 2023 | Small Biz Accounting

The Ins and Outs of Government Contracting What is Government Contracting? Government contracting refers to the process through which the government procures goods, services, or projects from private sector businesses. It allows the government to obtain the necessary...
Financial Ratios

Financial Ratios

by | May 15, 2023 | Small Biz Accounting

Financial Ratios As a business owner financial data is something you have become all too familiar with. Every month you take the necessary steps to ensure your financial data is current and accurate. First, you enter the data entry into your business’ accounting...
Are CPA’s Solely Tax Gurus?

Are CPA’s Solely Tax Gurus?

by | Apr 17, 2023 | Small Biz Accounting

Are CPA’s Solely Tax Gurus? Certified Public Accountants (CPA) are highly trained people, specializing in accounting. They took the time to earn a professional designation by meeting several requirements. The conditions they met include passing the CPA exam, their...
Who Needs an Incurred Cost Submission?

Who Needs an Incurred Cost Submission?

by | Mar 15, 2023 | Small Biz Accounting

Who Needs an Incurred Cost Submission? It is a few weeks into the new year, and you finally feel like you can breathe again. Your business’ financial statements are done, and your taxes are in progress. For the foreseeable future, it seems as though everything will be...
Are Employee Gifts Taxable?

Are Employee Gifts Taxable?

by | Feb 15, 2023 | Small Biz Accounting

Are Employee Gifts Taxable? As a business owner, giving employees gifts and other fringe benefits is something that you are familiar with. Every year you may like to give holiday bonuses or give a gift to each employee on their birthday. This allows you an opportunity...