What Is the Difference Between Cash and Accrual Accounting?

A crucial component of any business is proper accounting practices. Without this, business owners wouldn’t be able to run their companies effectively. After all, accounting helps track income and expenses, ensures statutory compliance, and offers quantitative financial data for investors, management, and the government to aid their business decisions. There are two main methods to…

What Is a Tax Accountant, and What Do They Do?

What Is a Tax Accountant, and What Do They Do?

Every year at the start of the year, taxpayers start collecting all their documents to prepare for tax season. Some opt to use a tax accountant to simplify their filing process. But tax accountants do more than file taxes—they can help individuals and businesses save money year-round. So, what is a tax accountant, and what…

Why Is Accounting So Important to a Business?

Building a long-term business in today’s globalized economy requires the correct tools and information. Accounting is central to that. Accounting helps businesses make significant, calculated decisions and plan for monetary growth. The work of an accountant is imperative in controlling and stabilizing the financial well-being of an organization while holding each area accountable. Without an…

Why You Should Hire a Local Bloomfield CPA

A CPA, or Certified Public Accountant, is an essential part of the success of any size and type of business. Whether you are a small business owner or a part of a large corporation, handling all the back-office and bookkeeping jobs by yourself is overwhelming to even think about.   Modern tax codes and accounting…