Bookkeeping

This improves transparency and supports better decision-making. We handle daily bookkeeping tasks such as data entry, reconciliation, and reporting. This allows your internal staff to focus more on client service and legal matters. Client balances, retainers, and billing details are tracked with precision. Client Billing and Retainer Tracking See how our experts can manage your […]

You can deduct half the expense of meals when meeting clients, discussing projects, or traveling for business purposes. Additionally, keep notes on the purpose of each service, especially if the expense covers multiple activities, to clarify its business relevance during tax preparation. Maintaining a dedicated business bank account or credit card also helps isolate these

A professional may be able to help you find (legal) ways to pay less taxes. But as your finances become more complicated — with investments, real estate, small business ownership, and more — a tax accountant may make sense. For a speedy return and fewer errors, most tax professionals will likely file electronically for you.

For machinery and equipment, as well as § 168(n), which allows for full expensing for qualified production property. While the decoupling from §§ 168(k) and 168(n) is effective for tax year 2025 for C corporations, the decoupling does not take effect for S corporations and partnerships until January 1, 2026. HB25B-1002 changes how Colorado treats

Pension plans, life insurance proceeds, 401(k) plans, medical savings accounts, and individual retirement accounts (IRA) that have designated beneficiaries will not need to be probated. Likewise, assets jointly owned with a right of survivorship can bypass the probate process. Each month, the Research Update report provides a summary of the data, reports, blog posts, and instant

All submitted reviews are published after verification for authenticity and compliance with our Terms and Conditions, Privacy Policy, and Community Review Guidelines. I trust Lisa Shuneson and the team at Whalen CPAs have my best interest in mind when making recommendations, and they continually bring new ideas to light that could benefit our organization. It

By controlling outgoing cash in real time, you maintain more working capital for critical needs. This simple forecast reveals exactly when you’ll face shortfalls, letting you take action before problems hit. You’ll know which weeks need extra attention and can time major purchases or investments when cash is strongest. Challenges and Limitations of AR Days

This method also provides indications of significant deviations in the current period when compared to the base year. How detailed your initial financial statements are depends largely on the accounting software application you’re using. If you’re using an entry-level application, it’s likely you’ll need to use spreadsheets in order to complete the horizontal analysis. Companies of different

Forensic accountants investigate financial information to find areas of fraud or misconduct, usually for law enforcement agencies. Like auditors, they look closely at a company’s (or person’s) financial records; unlike auditors, their goal is to assess for illegal financial activity, such as embezzlement or fraud. Businesses typically have many financial aspects accountancy meaning that need

It’s based in the United States and offers a customer support phone number and email. QuickBooks pricing starts at $25 per month with the Essentials, Plus, and Advanced plans priced at $50, $80, and $180 per month. Additionally, if you’re doing any multi-entity or multi-currency consolidation, you’ll probably have to purchase add-ons. Business Finances The