How Accurate Accounting Boosts Your Company’s Value
Keeping track of your business’s money (accounting) is really important. It’s not just about following rules; it can also help your business become more valuable. Here’s how. 6 Ways to Increase Business Value Here are several ways in which accurate books can increase your business’s value: 1. Make Better Money Choices When you know exactly […]
6 Month-End Bookkeeping Tips: Start The Year Off Right
Each January you might be writing your goals for the year. How about putting month-end bookkeeping on your list? It’s important to make sure your company’s money records are well-organized. 6 Month-End Bookkeeping Tips So, here are some simple tips to help you. Match Your Bank Records: First, make sure that what your bank says […]
Accounting for Crypto
Cryptocurrency is a relatively new monetary instrument that has the potential to change the way we do business and transact currency across the globe. Often misunderstood or misvalued, it’s been at the crux of financial frauds and institutional collapses. It badly needs boundaries, categorization, and established policies for both trading and holding the currency. If […]
Accounting Method Changes for Small Business Taxpayers
Recently, the IRS and Treasury released two revenue procedures on accounting method changes for small business taxpayers. Rev. Procs. 2022-9 and 2022-14 enable small business taxpayers, not a tax shelter, to obtain automatic consent to change to simplified methods of accounting, i.e., the cash method of accounting. These changes: Modify existing automatic method changes; Add several new automatic […]
