What Is FF&E in Business? FF&E is an important component of any company’s balance sheet. It refers to furniture, fixtures, and equipment that is used to perform normal operations. These assets can include computers, telephones, …
Accounting
What are the First Steps in Creating a Business plan?
A business plan is a great way to lay out your vision for the future of your company. The plan will detail the types of products or services you intend to sell, how you will …
What Is a Book of Business?
In the insurance world, a book of business is a database of clients and their policy details. This information can be used to optimize sales decisions and customer service. The book of business also helps …
What Types of Inventory Does a Manufacturing Business Report on the Balance Sheet?
The typical manufacturing company will break its inventory down into three categories: raw materials, work-in-process, and finished goods. This helps to ensure that the manufacturer is maximizing production and storage space. It also helps to …
Why Is Accounting Called the Language of Business?
There is no question that accounting is a very important aspect of running a business. It provides critical information that is essential for making smart decisions. For this reason, it is sometimes called the language …
How Many Years Can You Claim a Business Loss on Your Taxes?
If you own a small business, you may be wondering how many years can you claim a business loss on your taxes. This question is important because the IRS is not obligated to allow you …
What is the Business Tax Filing Deadline?
If you own a small business, you will need to file your taxes on a regular basis. Depending on the type of business you own, you may have different deadlines for filing. This can make …
What is Small Business Tax Rate in Canada?
The federal government offers a small business tax rate of 9% to businesses that have taxable capital of less than $10 million. There is a limit to the number of businesses that can take advantage …
What Do I Need to Give My Accountant For Small Business Taxes?
If you own a small business, it is likely that you will have to file a tax return. While it may seem like a daunting task, there are things you can do to prepare for …