As such, this business must sell 334 candles monthly to break even. Suppose you own a small candlemaking business. Various EDI file formats are available depending on your company’s country. 95% of the transactions are matched automatically with the financial records. Take pictures of your expenses, and let the Artificial Intelligence do the rest! The […]

In smaller businesses, that may be just one person. Be careful, some people mistakenly use the two terms interchangeably. Companies have many different types of short-term debts, including payroll costs (wages or salaries), short-term loans, and income taxes. Accounts payable only refers to short-term debts – not long-term debts. You might decide to set up […]

We work diligently to transform your financial reporting, ensuring that every detail aligns with GAAP standards, so you can focus on growing your business without the worry of compliance issues. Kreston Global helps businesses transition to IFRS, prepare compliant financial statements, and deal with complexities related to international financial reporting. Whether your company follows US […]

The right method depends on your business size, product type, and inventory complexity. The cost of purchased materials calculates the valuation of inventory. Inventory includes all the finished goods created by a company plus the materials and components needed to develop the products. It calculates a company’s ideal quantity of materials to fulfill the necessary […]

It is primarily aimed at small businesses and includes various other business tools. Wave is a free cloud-based accounting software that provides features such as invoicing, expense tracking, and accounting reports. PLACE offers a technology and business services platform designed to empower top real estate professionals. The company provides agents with a comprehensive suite of […]

Exempt employees, usually in salaried positions, may not be entitled to overtime pay. However, certain exceptions exist, and misclassification of employees can lead to legal repercussions. Understanding these exceptions is vital for employers to avoid legal pitfalls. Recent HR policies articles Legal services will only commence following a signed agreement between client and attorney. Best […]

Our advanced systems streamline bookkeeping and payroll processes, reducing errors and saving time. Failing to comply with IRS gym bookkeeping regulations and labor laws can result in hefty fines. Professional services ensure adherence to all relevant laws, protecting your business from penalties. Due to our strong and professional accounting knowledge, we can prepare your books […]

What’s more, Enrolled Agents often fill the roles of both tax accountant and tax attorney. In many cases, clients call upon the expertise of Enrolled Agents in complex tax situations where audits are likely. So, as the tax preparer, an Enrolled Agent is the most qualified to explain and defend the choices made during preparation. […]

Your message has been successfully sent to the business owner. Whether your experience was excellent, average, or disappointing, we want to hear from you. With care and planning, they can help you minimize your tax liability. They provide IRS and state representation for tax issues. Strategic Accounting & Tax Service LLC has the expertise and […]

Understanding what you’re actually getting—and what you’ll pay—helps narrow your options quickly. While specific pricing varies based on company size and complexity, most fractional CFO engagements follow The Real Value of Accounting Services for Startups predictable patterns. Investors don’t just want to see your current numbers—they want to understand your unit economics, growth trajectory, and […]