Examine the balance sheet of most retail or manufacturing businesses, and near the top of the asset list you are going to find inventory. Raw materials, supplies, work in progress, and finished goods are all included in an accountant’s definition of inventory. This...
Disaster-how do you plan for it? We never know when they will strike. You can decrease the impact of a disaster if you do some planning. Do not wait. Instead of having to reconstruct personal and business records in the aftermath of an unexpected calamity,...
As of Friday, December 19, President Obama signed the Tax Increase Prevention Act of 2014 into law. This includes tax extenders for both individuals and businesses. The extensions expire as of December 31, 2014. What will happen for 2015 remains to be seen, but if...
