Category: Accounting

A state resale certificate exempts you from paying sales tax on items or services you buy in that state for the purpose of reselling, renting, or leasing them out. Here’s an overview of the regulations you’ll need to follow in the state of New Jersey. Sales Tax Exemption for Buyers Purchases that qualify for the […]

If your business sells, resells, or makes new products from purchased stock, then your inventory is probably your biggest asset. The right accounting tools can help you make sure that inventory maintains its value, as well as guide business decisions for maximum success. Types of Inventory First, determine what type of inventory you work with. […]

It’s all too easy to dip into the company’s bank account as and when you need to. But there are many good reasons to put yourself on a fixed salary, including simplifying your tax return, protecting yourself from the company’s debt liability…

Putting your accounting in the cloud offers huge advantages, including speed, accessibility from anywhere, and reduced on-site storage needs. But first, make very sure that your provider meets your standards and requirements. What a Cloud Provider Provides You’re probably familiar with cloud storage for files; it simply means that this data is stored on a […]

No matter how much they hate it, small business owners tend to do their own accounting. They’ll tell you they’d love to hire a bookkeeper, but they just can’t justify the expense. What they don’t take into consideration is all the ways a professional CPA can cut business expenses, take advantage of savings opportunities, and […]