For purposes of Form 990, a current key employee is an employee of the organization (other than an officer, director, or trustee) who meets all three of the following tests, applied in the following order. Provide the name of the person who possesses the organization’s books and records, and the business address and telephone number […]
Category Archives: Bookkeeping
But rather than the size of your business, your primary concern should be whether QuickBooks is set up and used correctly. If not, the software could give you misleading information about the results of your finances. Our goal is to help our clients stress less and grow more by taking the burden of taxes, financial […]
Engage with seasoned professionals and emerging leaders to enhance your strategies and navigate industry trends with confidence. The decision to go product-led or sales-led has such a tremendous impact not only on the product itself, but also on your company. This is probably the simplest, yet one of the more engaging group decision-making tools available. […]
ABC Corporation’s income statement sales were $650,000; gross profit of $350,000; selling and administrative costs of $140,000; and income taxes of $40,000. The selling and administrative expenses included $14,500 for depreciation. In the long run, if the company has to remain solvent at the net level, cash flow from operations needs to remain net positive […]