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Net income is an indicator of a company’s profitability and financial performance. From an investor’s perspective, the income statement is crucial in assessing the profitability and growth potential of a company. One of the most important financial statements is the income statement, also known as the
Read MoreTo take the confusion out of tax set up and reporting, we’ve put together this guide to help you understand how Shopify sales tax works. From home decor products to independent clothing brands, Shopify is home to over 500,000 businesses. It figures out, keeps track of,
Read MoreCertain services may not be available in all states. When you sign up for small business payroll processing. We can help you get your books ready so that they can be handed over to your CPA for tax preparation purposes. Spend your valuable time doing what you
Read MoreCash basis and accrual basis are the two accounting methods your business will need to choose from to submit your first tax return. This book is crucial for understanding how to identify and capitalize on disruptive opportunities while avoiding the traps that have felled many established
Read MoreFor example, in mergers, companies acquire both tangible and intangible assets, which are difficult to quantify within the confines of the accounting equation. This money increased the company’s assets (cash) and contributed capital (owner’s investment). In every transaction, debit and credit must always balance out to
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