Category: cash accounting

  • Tax Planning for Small Businesses

    Tax Planning for Small Businesses

    Effective tax planning is something most business owners avoid primarily because they do not understand it. However, working with your bookkeeper, CPA, or tax professional could minimize the company’s tax liability. The process can help ensure you pay the lowest tax possible and ensure you have the capital to pay the taxes you owe. What […]

  • What is the difference between cash and accrual accounting?

    What is the difference between cash and accrual accounting?

    For accountants, the concept of cash vs. accrual is straight forward. But small business owners often don’t understand it or how it affects their business. Business owners will typically leave the decision to their accountants on whether their business should be on a cash basis or accrual. Still, owners need to understand the difference, so […]