An overviewBefore claiming gambling losses in income taxes, you must declare gambling winnings as income. Here's all you need to know in a nutshell: You can deduct gambling losses...
Posted by Abundant Wealth Planning LLC on 04/30/2022
You may be in a position where your business is expanding, and therefore additional resources are needed in your accounting department.The first actionable reference point will be...
Posted by BEST FINANCIAL GROUP LTD on 04/26/2022
Business valuation is a common process of determining the economic value of an entire company or business unit. Business valuation can be used to ascertain the fair value of a business...
Posted by Abundant Wealth Planning LLC on 04/17/2022
How a business operates internally often affects how it looks on the outside.Sound internal practices give an organization the agility to stay ahead, while the opposite leads to disorganization...
Posted by Abundant Wealth Planning LLC on 03/17/2022
You are most likely familiar with the term "Audit." You may have even used it often in a statement. What exactly is an audit, and how is it done?Every organization is governed...
Posted by Rosovich & Associates, Inc. on 02/22/2022
When a person becomes a CPA (Certified Public Accountant), they have attained a highly desirable rung in the accounting ladder. The reason for this is that, as a CPA, the person has...
Posted by KLSM CPA Firm PLLC on 01/09/2022
Expenses incurred due to the legal costs of running a profitable business that yields an available income is usually listed as a tax-deductible expense. It's only when the legal...
Posted by CORE PERFORMANCE on 01/09/2022
ESG investing has taken the world by storm, and suppliers and investors are rushing to join the sustainable movement.Unfortunately, the "sustainable" zone contains many gray...
Posted by BEST FINANCIAL GROUP LTD on 01/01/2022
What are restricted funds?In the non-profit sector, restricted funds refer to a cash reserve that can only be used for specific projects or purposes. Funds may be restricted because...
Posted by BEST FINANCIAL GROUP LTD on 12/27/2021
