Every spring we file extensions for clients who are waiting on a Schedule K-1, a corrected 1099 or a brokerage statement that arrives in March. An extension is a routine form. It moves one date and leaves the others where they are, and ...
Estimated tax is simple when income arrives evenly. You divide the year's tax by four and pay on four dates. Owners of a business rarely have that year. A ...
When a client tells us they are applying for a line of credit or an equipment loan, the first thing we do is build the lender's file ourselves. Every bank sets ...
Many owners receive a profit and loss statement every month and read one line: the bottom one. The rest of the report explains that line, and it answers ...
Most board treasurers come to the role from somewhere else: a finance job, a small business, or a willingness to keep the books when nobody else would. The ...
A profit and loss statement is most useful while the month it describes is still recent. A close that finishes by the tenth business day gives an owner a ...