CPAs in Construction

Today, business accounting is one of the significant challenges many constructors face in the construction industry. Construction companies are associated with laborers and costs, material costs, overhead expenses, project completion time, and other supplier-related costs. These all require business accounting management to run and build the project efficiently with little expense without compromising on quality. You can only […]

Accounting Cycle Closure

Like everything else, an accounting cycle also has a specific time when a business owner must close it down. This is a necessary step in keeping a company’s accounting system free from complexities, but not all business owners understand this.Closing an accounting cycle helps you smooth out any wrinkles and define the balances left at the end […]

Efficient Business Finance Management

As a business owner, you expect your employees to maximize profit on their total efficiency. Unfortunately, employees are stuck sitting in front of a computer entering data, checking, and rechecking the entered data, and managing that data for hours on end, which not only prevents them from working on their total efficiency but also wastes time that […]

Mastering the Cash Conversion Cycle

The assets convertible into cash without the slightest decrease in market price is a company’s liquidity cash. Running a business sounds great, but it is a bed of thrones equally decorated with benefits and drawbacks. Moreover, a precise evaluation of a company’s liquidity is vital because a decline in liquidity leads to a higher chance of bankruptcy. A […]

Fraud Detection & Prevention

All businesses operating in a market face fraud at least once. Sometimes, even businesses commit fraud when paying taxes, providing financial information to investors, or advertising false images of their products. They do this to decrease their costs of taxes, attract investors, and trick consumers into buying their products to increase their sales revenue. According to the Association of […]

The Time Value of Money

Money’s worth over time is closely related to time itself. Thus, it is proper to claim that the longer a period, the greater the activity of external agents or even the effect of macroeconomic variables on the purchasing power of a particular currency. Inflation contained in any system of a capitalist economy is a determining […]

Understanding Debt and Equity

What is Debt?Debt, or gross debt of the general government (DBGG), is released monthly by the Central Bank and is formed by the liabilities of the Union, states, and municipalities (general government). Based on statistics released by the BC, for educational purposes, we can group these liabilities into four components: securities debt, repurchase agreements, bank […]

Insurance for Small Businesses

Business liability insuranceMost starting entrepreneurs take out business liability insurance. You probably already have private liability insurance. But when you accidentally drop your cup of coffee over a laptop at your client or when you visit a customer, that is not enough. It would help if you had business liability insurance to cover the damage […]

Filing a Tax Return for Your Business

A tax return is a form filed with a tax authority that records income, expenditures, and other relevant tax-related information. Tax return allows taxpayers to determine their tax liability, schedule tax payments, or ask for refunds for the overpayments of taxes. In many states, tax returns are filed annually for an individual or an organization […]