Xero and QuickBooks Online are robust accounting software programs and, in our case study, both prove why they’re the leading tools in the industry. They may have almost the same…

These are provisions that a personal accountant can look for so that you don’t pay taxes when you can avoid them. Keep in mind that the average tax rate for…

Examples of fixed costs include rent, salaries, insurance and depreciation. These costs do not vary with the quantity produced and are therefore "fixed" for a specific period or level of…

Of course, reporting income means nothing if you aren’t collecting payments. Regardless of the accounting method your construction business is using, it’s important to take steps to secure your payments…

It is used to ascertain the health of a business entity at a particular moment. Together with the Balance Sheet and Cash Flow Statement, it is included in every company’s…

Thus the cost driver-allocated of fixed overhead figure is more fictitious than the static budget figure. That static budget knows better than to treat fixed overhead as if it were…

ContentWhat happens if you don’t owe taxes or get a tax refund?What happens if you file taxes lateQualify to claim and receive refundable tax creditsHow to Get Back on Track…

These strong relationships are intangible assets that an acquirer may be willing to pay a premium for during an acquisition, leading to the creation of goodwill. The process for calculating…

For example, analyze the trend in sales to forecast sales growth, analyzing the COGS as a percentage of sales to forecast future COGS. Finally, we arrive at the net income…

In summary, Safe Haven Accounting Services has consistently exceeded my expectations, delivering not only exceptional accounting services but also fostering a client-centric environment. I wholeheartedly recommend their services to anyone…