Insights · Page 7
Practical perspectives on tax, finance, and business — written by the people who work in it every day. 92 articles in the archive.
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Construction Accounting & Taxes Feb 7, 2024Construction Job Costing – Overview & Tips
Construction job costing is a fundamentally important process used in the construction industry. Construction project managers, estimators, accountants, contractors, owners, clients, regulatory authorities, and insurance companies all rely on accurate job costing for their…
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Florida Accounting & Taxes Jan 23, 2024Florida Short-Term Capital Gains Tax Explained
People who own capital assets in Florida short-term—for less than a year—and sell them at a higher price won’t pay any Florida capital gains tax on the profit. However, they will need to pay capital gains tax to the Internal Revenue Service (IRS).
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Accounting Jan 17, 2024Quality of Earnings Report (QofE Analysis) Overview
A quality of earnings report—QoE or QofE—is an important financial document written by a team that includes an independent accounting firm. The report provides an extensive review of a company’s operating and financial information and emphasizes the “earnings before interest,…
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Florida Accounting & Taxes Jan 9, 2024Guide to Florida Self-Employed Taxes for SMB Owners
Understanding how the Florida self-employment tax works for small and midsize business (SMB) owners in the state is one of the many considerations to take into account when opening a new business.
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Taxes Jan 3, 2024Top 11 Money-Saving Tax Strategies for Small Business Owners
Tax strategies for small business owners help you protect as much of your business income as possible so that you can achieve your financial goals. Reducing your tax burden strategically should therefore be a high priority.
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Resources Dec 27, 2023What Is a Reasonable Salary for an S Corp?
S-corp shareholder-employees must pay themselves a reasonable salary and remit the corresponding federal self-employment taxes or risk heavy penalties from the IRS.
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Accounting Dec 19, 2023Importance of Financial Statements
Every business knows that reporting your company’s financial position is an obligation, but why are financial statements important? Essentially, your company’s financial statements provide insight into the business’s financial health and report critical information about…
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Entity Structuring Dec 15, 2023Best Business Structure for a Construction Company
The best business structure for your construction company will depend on many factors. The answer will also vary from business to business. That’s why it’s essential to get professional advice on the different business structures and which might be more suitable for you.
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Outsourced Services Dec 11, 202312 Benefits of Having a Fractional CFO
A fractional CFO (chief financial officer) offers many benefits to small to mid-sized businesses, including improved financial health and streamlined cash-flow management.
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Tools Dec 5, 2023ERP vs Accounting Software – Key Differences Explained
Choosing between ERP vs accounting software for your business is an important decision both logistically and financially. While some business owners are drawn to the flashy features offered by ERP systems, accounting software may be enough to handle the everyday operations of…
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Accounting Nov 29, 2023Top 4 Financial Statements Every Business Needs
The four basic financial statements every business needs are the income statement, balance sheet, cash flow statement, and statement of retained earnings. Taken together, these four financial statements provide an accurate representation of the company’s overall financial status.
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Outsourced Services Nov 21, 2023What Is a Fractional CFO?
In today’s dynamic business landscape, small and large companies seek innovative ways to optimize their financial strategies while maintaining flexibility and cost-effectiveness. This has led to the rise of fractional Chief Financial Officer (CFO) as a service.
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