Should you incorporate your small business?

When a business is started, it can be structured as a proprietorship, partnership, or corporation. Proprietorship A sole proprietorship is one person operatingContinue reading “Should you incorporate your small business?”

Accounting Outsourcing: The Nitty-Gritty that you need to know

Are you dreading about clearing the accounting and bookkeeping work which has piled up in your desk in view ofContinue reading “Accounting Outsourcing: The Nitty-Gritty that you need to know”

Accounting Methods – Cash and Accrual

When starting a business, you have to determine the method you are going to use for accounting and paying taxes.Continue reading “Accounting Methods – Cash and Accrual”

Making a Profit

Accountants are responsible for preparing three primary types of financial statements for a business. The income statement reports the profit-makingContinue reading “Making a Profit”