It is crucial to find a bookkeeper who is detail-oriented, focused, organized, and able to correct any errors they may detect quickly. Mindbody is a best-in-class software platform that has a whole arsenal of tools to help you streamline processes and maximize productivity. If you’re a large organisation with a multi-disciplined finance department, it’s likely […]
Category Archives: Bookkeeping
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BooXkeeping has been featured in several publications, including the Inc. and Entrepreneur magazine. The firm was founded in 2012 and has since provided accounting and bookkeeping services, HR management consulting, and business and project-based consulting services. Clients commend Pro Back Office, LLC for being honest and reliable. Thrive Business Services is a reliable bookkeeping service […]
A Step-by-Step Guide to Calculating an Asset’s Salvage Value
If a company wants to front load depreciation expenses, it can use an accelerated depreciation method that deducts more depreciation expenses upfront. Many companies use a salvage value of $0 because they believe that an asset’s utilization has fully matched its expense recognition with revenues over its useful life. Salvage value, also known as residual […]
Marketing Agencies: How To Navigate Accounting Firm Selection
Collaborating with industry thought leaders can provide valuable opportunities for accountants looking to expand their network and establish themselves as experts in their field. It offers a unique platform for accountants to share their expertise, connect with a bigger audience, and establish themselves as thought leaders. Social media lets you engage with clients, build brand […]
Are Retained Earnings Taxed for Small Businesses?
At the balance sheet date, the corporation had cumulative net income after income taxes of $40,000 and had paid cumulative dividends of $12,000, resulting in retained earnings of $28,000. A company’s equity reflects the value of the business, and the retained earnings balance is an important account within equity. To make informed decisions, you need […]
Are Retained Earnings Taxed for Small Businesses?
At the balance sheet date, the corporation had cumulative net income after income taxes of $40,000 and had paid cumulative dividends of $12,000, resulting in retained earnings of $28,000. A company’s equity reflects the value of the business, and the retained earnings balance is an important account within equity. To make informed decisions, you need […]