Succession planning is crucial for family-owned businesses—it ensures the longevity, stability, and seamless transition of leadership from one generation to the next. At a granular level,
Common Bookkeeping Mistakes On the way to completing bookkeeping tasks, i.e., source analysis, journal entries, and posting to ledgers, there are many opportunities for mistakes. Common mistakes
Capital Gains Capital gains are the profit earned when a capital asset is sold for more than its original purchase price. Capital assets include stocks,
A conscientious and responsible manager must be concerned about the financial performance of his/her business. Such an appreciation will help him/her gauge whether the company
Health Savings Account (HAS) According to the IRS, a Health Savings Account (HSA) contribution refers to the amount of money that an individual or their
We begin this post with a discussion on the necessity of keeping accurate financial records, the first of a two-part series on “Keeping Accurate Financial
