April 10, 2020
Charles Lutwidge
Pandemic Relief Loans
Pandemic Relief Loans: A Quick Overview What’s going on? In response to the pandemic, the government is providing many types of financial assistance, including low-interest loans for businesses and non-profits. What are my loan options? The two main relevant options...
Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.
April 10, 2020
Charles Lutwidge
What is a Bookkeeper?
Bookkeeper Definition A bookkeeper is an individual who maintains company books and makes them correct and accurate. This person helps to protect a business from costly filing errors and helps to keep it compliant with the tax laws and regulations....
April 10, 2020
Charles Lutwidge
What is QuickBooks Payroll Service?
Payroll can be complicated and time-consuming. There is also a possibility of making mistakes that can result in an employee being under or overpaid. Luckily, there is a number of online and desktop software solutions that can simplify the process....
April 10, 2020
Charles Lutwidge
Deductible Expenses
Expenses have a direct effect on how much tax you end up paying, so you want to track all company’s eligible expenses. If there is not adequate support from business records, you cannot deduct even allowable tax deductions. For an...
April 10, 2020
Charles Lutwidge
What is Gross Profit?
Gross profit is the amount of revenue after you deduct the cost of goods. In other words, it is the difference between the Sales Revenue and Cost of Goods Sold. It is important to note that you do not subtract the...
April 10, 2020
Charles Lutwidge
What is Deferred Revenue?
Deferred revenue is revenue that a company received but has not yet been earned. It normally arises when not all the risks and rewards of the sale have been transferred to a customer. Therefore, we classify deferred revenue as a...
April 10, 2020
Charles Lutwidge
1-800Accountant Review
When you started your business, did you imagine you’d be spending so much time slaving over your financials? You are not alone. There are many services that exist just to make these tasks simpler and less time-consuming for small businesses....
April 10, 2020
Charles Lutwidge
Bench Accounting Review
Your time as an entrepreneur or a business owner is very valuable. Every single minute of your day, you need to be doing something that adds value back into your company. Doing your books yourself, even if you have “easy”...
