Any change in your reporting position will be treated as a conversion of the entity. You may have to file information returns for wages paid to employees, and certain payments of fees and other nonemployee compensation, interest, rents, royalties, real estate transactions, annuities, and pensions. See Line I, later, and […]
Bookkeeping
5 posts
The interest coverage ratio is very important because it indicates a company’s ability to have enough pre-tax operating income to cover the cost of its financial burden. Corporate management tends to measure financial leverage by using short-term liquidity ratios and long-term capitalization, or solvency ratios. As the name implies, these ratios […]
The concept of audit risk is of key importance to the audit process and F8 students are required to have a good understanding of what audit risk is, and why it is so important. For the purposes of the F8 exam, it is important to understand that audit Grocery Store […]
Before you can start cleaning up the books, you need to collect all the financial records related to the business. This includes bank and credit card statements, bills and invoices, receipts, payroll reports, loan and financing documents, and other relevant financial data. Catch-up bookkeeping focuses on recording and reconciling past […]
In return, you will have access to a team of experienced CPAs, CFOs, certified bookkeepers, and certified tax preparers with decades of combined experience, which is more valuable than any single employee. If your goal is to grow your small business quickly, save money, and increase efficiency, our outsourced accounting […]