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The Most Common Mistakes in Payroll and How to Fix It
Achieving a high-level performance on payroll is no easy, but one minor mistake can make your job harder than it already is. Business...
Aug 16, 20203 min read


IRS Tax Tips: How to troubleshoot after-tax-day issues
Tax deadline to file and pay federal income taxes deadline is now behind us. However, some taxpayers still facing certain problems after...
Aug 1, 20202 min read


The Cash Basic Versus The Accrual Basic
The cash basis and accrual basis of accounting are two different methods used to record accounting transactions. The core underlying...
Jul 28, 20202 min read


4 changes on 2020 tax deduction
The tax season is here again! This year, the IRS announced 4 recent changes in tax laws that can save you a lot. 1. Individual Income Tax...
Jul 28, 20202 min read


Latest Changes on Paycheck Protections Program (PPP)
On Saturday, July 4, 2020, President Donald Trump signed a new law extending the deadlines for applying for the Paycheck Protection...
Jul 27, 20202 min read


Balance Sheet vs Profit & Loss Account
A Balance Sheet shows a company’s financial position at a specific point in time, while a Profit & Loss Account (Income Statement)...
Jul 22, 20204 min read


What is Progress invoicing?
TABLE OF CONTENT What is Progress invoicing? Purpose of Progress Invoicing - Empowering Construction business Benefits of Progress...
Jul 19, 20205 min read


2020 Health Savings Account Limits
A Health Savings Account (HSA) is a tax-benefit program for people covered by high-deductible insurance plans (HDHPs) that are used for...
Jul 14, 20201 min read


The Art of Construction Estimating and Its Insights
An estimate is a document that the contractor gives to a customer, showing how much they would like to charge for services they are going...
Jul 12, 20204 min read


Best Practices for Construction Accounting
Accounting and financial management is a challenging task in all industries. TABLE OF CONTENT Cash Basic Job Costing Percentage of...
Jul 5, 20203 min read


Why is bookkeeping essential for business?
Have you ever wondered why you should find a professional bookkeeper? As US Small Business Administration states, “half of all new small...
Jun 23, 20202 min read


How to a make sure my books are “ready for Tax Return”?
Every tax season, it is moment of truth about whether the company book is ready to go. But how do we know that company's book is ready?
Jun 21, 20202 min read
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