Timely and accurate bookkeeping creates reliable financial information that can inform strategic decision-making for improving and growing your business. ...

If created far enough in advance of a sale of the business, usually at least two years, an additional benefit is the elimination of state capital gains ta...

Dividing your life insurance proceeds through per stirpes basically means that the payout is to be split by the branch of your family. In other words; if ...

A 401k company match is a percentage of your salary your employer will match. For example, if your employer will match 4% of your salary and you make $1,5...

The simple answer is to debit the selling partner’s equity account to zero balance. The selling price would be a credit to the buying partner’s equity acc...

The toxic ex-wife or husband doesn’t respect the boundaries of their relationship with their ex. They have never really let go of their mates and will han...

Starting in 2018, corporations pay a flat tax of 21% on all their profits. In contrast, owners of sole proprietorships, partnerships, and LLCs must pay ta...

Material goods that generally qualify for the Section 179 Deduction Equipment (machines, etc.) Tangible personal property used in business. Business Vehic...

The cash flow an investor or company expects to realize from a project before that project begins. The actual cash flows received may be greater or less t...

Cash flow from financing activities includes the movement in cash flow resulting from the following: Proceeds from issuance of share capital, debentures &...