by Doug Ferronetti | Dec 2, 2024 | Accounting, Taxes
Today is the first Monday in December and time to start thinking of the 2024 tax season. You won’t have received any W2s, 1099s, or any other tax forms at this point, but it’s time to get any other information collected and ready for your preparer. If you...
by Doug Ferronetti | Aug 28, 2024 | Accounting
The Profit and Loss Statement or P&L, as it is abbreviated, reports the business’s revenue, expenses, and resulting profit or loss. The P&L along with the Balance Sheet, which will be described in a future post, are the two main financial statements of...
by Doug Ferronetti | Dec 9, 2015 | Accounting, Uncategorized
Along with entity selection, another of the first decisions that any small business needs to make is whether to account for their business under one of two methods or basis, Cash or Accrual. There is nothing terribly complex about this decision as it is a matter of...
