Are Your Holiday Employee Gifts Tax Deductible?
When are holiday gifts for your employees considered tax-deductible? Our NC CPAs help plan for your holiday employee gift-giving and what types of gifts are tax deductible.
5 Anti-Fraud Controls to Protect Your Business
Acts of fraud, both internal and external, is a growing problem for businesses, with 49 percent of global organizations reporting they experienced economic losses due to fraud, according to a […]
What is a General Ledger and Why Do You Need One?
Keeping careful track of all of the financial transactions associated with your business is vital for a healthy organization. As a business owner, though, you may find yourself overwhelmed by […]
What Is the Consistency Principle
Your financial statements are key to showing the state and solvency of your business. When you need to borrow money, look for investors for expansion, or take your company public, […]
Cash vs Accrual Accounting: What’s The Difference?
The two most common types of accounting are cash and accrual. They each have their own strengths and weaknesses, which is why many businesses use a combination of the two […]
How a Business Purchase Agreement Can Protect You
Don’t buy an existing business without a business purchase agreement. Learn why this document is so important to protecting your interests.
TurboTax® vs. a CPA – Why You Should Consider Hiring an Accountant
When it comes to choosing options for tax preparation and filing, you can either do them yourself, use TurboTax® or hire an accountant. Fewer people are choosing to do their […]
How to Maintain the Bookkeeping for Your Small Business
Running a small business means you’re taking on dozens of roles just to keep up with daily operations. Too often, things that aren’t immediately necessary get pushed to the side […]
COVID-19 Unemployment Insurance Information in North Carolina
As COVID-19 continues to spread through North Carolina, keeping people indoors and keeping your business closed or at reduced functionality, you may be having to lay people off or even […]
Ultimate Guide to Improve Small Business Cash Flow
As a business owner, you know sales and profits are key to long-term growth and success. However, business cash flow is what gets you through the daily operations and covers […]
