Auditing WIP
July 2, 2021
Accounting estimates attract special attention from auditors. Work in progress is a common example of an account that’s based on management’s estimates. Here’s a closer look.
An S corporation could cut your self-employment tax
May 17, 2021
Business owners that operate as an S corporation are subject to income tax, but not self-employment tax, on their share of the entity’s income. Here’s how the rules work.
Receivables may be a source of cash in tough times
May 7, 2021
Is your business having trouble getting customers to pay on time? Here are five effective ways to maximize collections and minimize write-offs.
