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Tag Archives: financial reporting
What to Know About the Corporate Transparency Act
Effective January 1, 2024, the Corporate Transparency Act (CTA) requires approximately 32 million existing corporations, limited liability companies, and other
Cash Basis vs. Accrual Basis: What’s the Difference?
There are two different ways of performing accounting functions in your business: One is on a cash basis, and the
Financial Reporting Drives Good Decisions
Problem The company used Cash Basis accounting for their operating statements because taxes were calculated on a Cash Basis. When
A Business Growth Case Study
Nearly every business owner I talk to is interested in growing. But sometimes the plans are erratic, spur of the
Budgeting for Analysis
Nobody likes creating a budget. If it’s done correctly, it’s a lot of time-consuming, hard work. But budgeting is vital
Tea Leaves and Financial Statements – Something in Common?
Financial reports contain the most important reading that a business owner looks at on a regular basis. And yet, for
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