The Employee Retention Credit (ERC) is a refundable credit established by the Cares Act of 2020 and the Consolidated Appropriations Act...

The 1% Rule "The 1 Percent Rule states that over time the majority of the rewards in a given field will accumulate to the people, teams,...

Small businesses and start-up businesses do not usually get the most of their financial information. This is due to a variety of factors,...

Small businesses owners and managers need to have a strong understanding of their financial performance in order to make operational...

Rising inflation is affecting all segments of society in 2022, including business owners. From the cost of labor rising to the price of...

The ability to accurately forecast your future cash flow is vital for entrepreneurs and business managers to make sound decisions to move...

In this article, we will be discussing the differences between operating expenses and capital expenditures in order to help small...

Small business managers and owners make strategic decisions about allocating the business's financial resources and work time of key...

The health care industry faces numerous specialized accounting dilemmas that require deep professional knowledge to unravel. One such...

This article is meant to provide a summary resource for all applicable non-refundable personal credits available to taxpayers for the...

We are writing a series articles this January highlighting some relatively basic but very important accounting tactics that are often...

Learn about these top seven year-end tax tips geared to maximize your tax refund or minimize the taxes due. If you decide to take...

One underutilized accounting function that small businesses usually have never heard of is the internal audit function. While this...

1) Ensure that you have all of your ducks in a row. If you need or might want to have a federal tax ID (EIN), make sure you acquire that....

It is time for a little financial accounting 101 and a slight study into one of the most basic elements of the balance sheet - cash and...

Most people have a vague understanding that their medical provider is legally obligated to protect their private information based on the...

Most individuals don't choose where to live and work based on the marginal tax rate of each state. However, for a high earner with a...

Many nurses, physical therapists, and other healthcare professionals decide to work for medical staffing agencies instead of hospitals or...

Not for profit organizations, such as charities, churches, and universities, follow generally accepted accounting principles (GAAP) in...

Accounting systems come in many forms for businesses in 2018. Some legacy companies are still using the big ledger book to keep track of...