September 09, 2019
Charles Lutwidge
Is Unearned Revenue a Current Liability or not?
Businesses are complex systems made up of many components that all need to work together to succeed. With no marketing, sales won’t be made, and without staff, a product won’t be developed, etc. Business relationships can be challenging to track...
Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.
September 09, 2019
Charles Lutwidge
A Guide to Prepaid Expenses
To estimate the prospects of your business and properly manage it, you need a fast,and at the same time, a reliable way to calculate expenses and profits. To do so, youneed to account for all your costs, including prepaid expenses...
September 09, 2019
Charles Lutwidge
How much does an EA earn?
Introduction: Being an Enrolled Agent will give you countless opportunities to earn as much as you desire as your salary is not limited to a single job-paying post. You can make outside your main job by charging services for tax...
September 09, 2019
Charles Lutwidge
What is the Special Enrollment Exam?
In the previous articles, we have come to know who Enrolled Agents are and what they do in essence. Today, let us have a nice run of procedures of taking the Special Enrollment Exam’s process and its nature. Agents get...
September 09, 2019
Charles Lutwidge
What is the accounting equation?
In the formation of accounting data, a basic accounting equation is used for financial statement no matter if you are just a small business or a multimillion company. The Italian mathematician Luca Pacioli formulated a basic accounting equation formula in...
September 09, 2019
Charles Lutwidge
What are Retained Earnings?
One of the characteristic features of a market economy is the competition of most companies among themselves. The most important economic indicator showing the effective operation of a company is retained earnings. The positive dynamics of this indicator, along with...
September 09, 2019
Charles Lutwidge
What is an enrolled agent, and does your business need one?
Individuals and businesses are required to file their tax returns every year. Doing it yourself, in most cases, is too complicated and time-consuming. This is where financial advisors and tax preparers come in to help. However, not every tax preparer...
September 09, 2019
Charles Lutwidge
What is bookkeeping?
When your average Jane or Joe hears the term bookkeeping, they may only imagine a bespectacled accountant scribbling complex mathematical formulas amid piles of bills, receipts, and checks. But it’s actually easy to understand what bookkeeping is all about. Bookkeeping...
