It’s nearing tax time and the accounting department is buzzing. This is where your consistent record keeping really pays off. You will be busy handing out tax forms to employees and independent contractors. You will also file a tax return …
First, consider some clear-cut examples of true expenses. Perhaps the most obvious example is the amount paid for goods that are sold at retail. The long title for this particular expense “merchandise cost of sales.” Thus, if you buy a …
Accountants are typically thought of as number crunchers. They run audits, generate financial reports, and are seen as supporting business initiatives rather than leading them. Professor Jennifer Stevens of Ohio University’s School of Accountancy puts that stereotype soundly to …
What is good business? Pricing products competitively? Providing 24/7 customer support? In today’s world, consumers aren’t dazzled by these things alone. They want the businesses they patronize to have a positive impact on the world. In fact, a survey …