How ESOPs Differ From 401(k)s An employee stock ownership plan (ESOP) offers a range of attractive benefits for a sponsor company and its owners and employees. Both provide retirement benefits. […] Read More
GAAP rules are accounting principles and concepts that shape how we present financial information. These are the 12 “Commandments” of GAAP accounting. Read More
Charitable giving is a rewarding process, but donors should be aware of the tax implications (and benefits) of each philanthropic approach. Read More
Don’t leave numbers to the accountant. An introduction to accounting and its basic concepts can equip you to make better business decisions. Read More
Accrued expenses aren’t as well-known as accounts receivable, inventory, and accounts payable, but ignore this accounting concept at your peril. Read More
Inflation data came out this morning for July, and everyone concerned about soaring consumer prices might have breathed a small sigh of relief. CNN reports: Runaway inflation took a breather […] Read More
Do you know what the Qualified Business Income Deduction is? As a business owner, you may want to consider what this dedication can do for your company when tax season comes around. Read More
Here’s why you should combine your investment in opportunity zone funds with the rich tax benefits of low-income housing tax credits. Read More
Inventory accounting values a company’s inventory, or saleable products, and analyzes the health of inventory flow. Read More
Improve your accounts receivable collections and increase your cash flow using these helpful calculations. Read More