In essence, it assists a company in making profitable business decisions. It is usually made up of variable costs, which

This means that high-income earners pay a higher tax rate on each additional dollar they earn, which helps to reduce

For automotive dealerships, the IRS has provided the Alternative LIFO Method for new vehicles and the Used Vehicle Alternative LIFO

T-accounts are an essential accounting instrument that makes it easier to visualize financial transactions in the context of double-entry accounting.

In some cases, the timing of loan originations is such that deferred amounts are not material. External financing often represents

If interest rates are higher when the long-term debt comes due and needs to be refinanced, then interest expense will

Comprehensive income excludes owner-caused changes in equity, such as the sale of stock or purchase of Treasury shares. Retained earnings

Bookkeepers in Connecticut are not required to hold a licence or certification. Non-CPAs in Connecticut are not required to be

Our accounting services are part of our more complex, advisory services. We’re not just keeping your financials organized, but also

Break-even analysis ignores external factors such as competition, market demand, and changes in consumer preferences. Although break even is easy