Bookkeeping

Professionalism has made us one of the leading firms in the area. What’s more, having an experienced professional on hand ensures all paperwork is filed correctly and tax obligations are met on time – no more late fees or IRS penalties! When it comes down to it, having someone who knows the ins-and-outs of financial […]

This is an easy way for nonprofits to figure out what will work best for them based on the value it provides and whether or not the costs are worth it. Finally, it is important to review the budget periodically to ensure that it remains accurate and relevant. This may involve making adjustments based on

HR staff understand the true costs of turnover, new hires, benefit changes, and salary increases. And involving Board members early on helps inform goals for the next year and avoid any unexpected questions at the end of the process. Regular budget reviews on a quarterly or yearly basis are essential to see if you’re hitting

Internal tampering could cause a business to be over and short in its accounting. Cash short is categorized as an expense, reflecting a loss, while cash over is recorded as income, indicating excess cash. Accurate categorization is crucial for true financial performance representation. Subtract the amount by which you need to replenish the account from

When used effectively, position control acts like a GPS for your staffing plan. It keeps you on course with your budget while helping you navigate changes and challenges along the way. You gain the insights you need to staff responsibly, adapt swiftly, and support your team sustainably. Position control allows your organization to create and

So, if a tricky question about an obscure tax law trips you up, feel free to work on it for about 2 minutes. You can return to it during your review time, as you’ll have answered all the other questions by then. In the event that you fail part of the EA exam, you’ll have to

This assumption affects how financial statements are prepared and presented, as it assumes that the business will be able to continue functioning and performing as expected. Going concern concept is closely linked with business entity concept, materiality concept and historical cost concept. For example, in assessing going concern, a business is looked at in isolation