In the world of healthcare, accurate and efficient bookkeeping is essential for maintaining financial health and ensuring compliance with complex regulations. The unique aspects of bookkeeping for medical practices, including patient billing, insurance claims, and compliance requirements, demand a specialized approach. While managing bookkeeping in-house is an option, many medical practices find it beneficial to […]
Category Archives: Bookkeeping
Before explaining what this means and why the accounting equation should always balance, let’s review the meaning of the terms assets, liabilities, and owners’ equity. As you can see, assets equal the sum of liabilities and owner’s equity. This makes sense when you think about it because liabilities and equity are essentially just sources of […]
Callable shares are preferred shares that the issuing company can choose to buy back at a fixed price in the future. This stipulation benefits the issuing company more than the shareholder because it essentially enables the company to put a cap on the value of the stock. Similarly, holders of preferred stock may be able […]
Accounting is popularly regarded as “the language of business” because it doesn’t just help you keep track of your money, but also helps you make informed decisions about your business. To speed up action, you may hire accounting professionals or purchase accounting software to ensure accurate financial audits and reporting. Analysts, managers, business owners, and […]
1-800 Accountant is an online accounting service that offers small business owners tax, bookkeeping and payroll services powered by CPAs. It features flat-rate monthly pricing so business owners know what to expect. Business owners get matched to a CPA with experience in their state and their industry. Tax Preparation Service Near Me in Largo, FL […]
When entering your name and the names of your spouse and dependents, be sure to enter them exactly as they appear on their Social Security cards. Have additional income, such as unemployment compensation, prize or award money, gambling winnings. Have any deductions to claim, such as student loan interest deduction, self-employment tax, educator expenses. Schedule […]