Juana Smith

Addressing tax considerations with a fine-tooth comb ensures your income statement reflects the true financial position of your business after Uncle Sam takes their cut. Calculating the right tax burden involves more than just applying a percentage to your pre-tax income. You’ll need to include local, state, and federal taxes, alongside any payroll taxes applicable […]Continue reading

Content How to Calculate Cost of Goods Sold Calculating cost of goods sold FIFO If you know your COGS, you can set prices that leave you with a healthy profit margin. And, you can determine when prices on a particular product need to increase. FIFO accounting assumes that a company is selling its oldest products […]Continue reading

When you keep records of everything, you will be able to track your expenses versus your income, and it will give you a better idea of what you need to do to improve. It also gives you a view of your variable costs and these can definitely begin to add up very quickly. When you’re […]Continue reading

Content How the right financial systems can reduce the cost of bookkeeping Level of Education The Indirect Costs of DIY Bookkeeping Average prices for bookkeeping services: Fast facts She also tends to work with small businesses, start-ups and companies who are not large enough to have an in-house team. Just as with hiring an internal […]Continue reading