Shiela Co

If this is increasing, the company is delaying the use of cash HOA Accounting to pay income taxes to the government. If the change in working capital is positive, the company can grow with less capital because it is delaying payments or getting the money upfront. The “change” refers to how the cash flow has

The main business tax in Texas is the franchise tax, which is imposed on businesses that have total revenues of more than $1.08 million or total tax liabilities of more than $1,000 owed. Businesses registered as a sole proprietor are exempt from the franchise tax. Our platform allows you to automate data inputs from most

A cautious approach generally presents financial statements in the least optimistic light. There is a danger that assets and revenue would be overstated, so where the accountant has two acceptable options, the principle of conservatism would recommend presenting the lower of the two options. There is a danger that liabilities and expenses, on the other hand, will be

It is essential for a company’s management team to carefully design an internal control structure that addresses the risks to the organization without burdening it with unnecessary costs and effort. Overall, internal controls provide a structured approach to managing data, improving efficiency, and maintaining compliance with regulations, ultimately safeguarding the company’s interests. To take your