Tag: accounting and tax prep

ASC 606: Revenue from Contracts with Customers – Are You Ready?

The Financial Accounting Standards Board issued Accounting Standards Codification (ASC) 606, Revenue from Contracts with Customers, a principles-based approach to accounting for revenue. ASC 606 has broad implications and is likely to affect many parts of your organization: financial statements, business processes and IT systems, income taxes, and internal controls over financial reporting. ASC 606… View Article

 

Why Every Small Business Should Hire Accountants for Tax Prep

Owners of small business have a lot on their plate. They are required to do a ton of work ranging from human resources and sales to trash pickup and real estate agreements. Unless your small business specializes in accounting and tax preparation, chances are you don’t have a lot of energy to devote to becoming... View Article