Profit and loss statements are a great tool to monitor the profitability and health of a company. At first glance they seem fairly simple; however, there are some important things to remember when working with these statements. There is real life, and there are taxes. They look alike but one is an orange and the other is a tangerine. The profit and loss statement typically … [Read more...] about Profit and Loss Statements: Sounds Simple. Is It?
Tax season is here. There will soon be a rush to collect paperwork, fill out forms and find receipts, as people try to file taxes by the April 15th deadline. Happily, it’s easy to get the biggest tax refund with these little-known tax deductions and credits: Depreciation on Computers & Cell Phones If the use of a computer and/or cell phone can be even remotely … [Read more...] about Twelve Most Missed Tax Deductions and Credits that Save Money