Learn what fixed costs and variable costs are, how to calculate them, and how to make your business more profitable.

Find out whether you should hire a bookkeeper, how SMBs benefit from outsourced bookkeeping, and when to hire an accountant or CFO.

Learn what a LIFO reserve is, how it helps with tax planning, how to calculate it, and its importance for small businesses.

Find out the main differences between FIFO and LIFO, the pros and cons of each, and how inflation impacts inventory value using each method.

Learn if grants are taxable for businesses, which grants are tax-exempt, IRS treatment of cash and non-cash grants, and best practices for staying compliant.

Find out the difference between gross margin vs net margin, how to calculate them, and why they’re both essential for running a profitable business.

Explore what a contribution is in accounting, including explanations and examples of three different types of contributions and how they relate to your business.

Find out the role the post-closing trial balance plays in accounting, why it’s important in businesses, and how to prepare it while avoiding common mistakes.

Discover what inventory depreciation is, accounting methods for inventory value loss, and why recording inventory write-downs is important for accurate books.

Find out what depreciation recapture is, how to calculate it based on property type, and tax planning strategies to reduce your exposure.

Learn when you need an account for your small business, what services accountants provide, and how they help business owners achieve their financial goals.

Discover how much income a small business can make without paying taxes and the tax strategies, like claiming tax deductions, that reduce taxable income.

Compare top accounting businesses in Jacksonville, Florida, to find the right partners for your personal and business’s financial needs

Learn the inner workings of dental equipment depreciation, including qualifying equipment, depreciation timelines, and strategies to make depreciation work for you.

Explore the top tax planning strategies for optometrists, including depreciation, choosing an optimal business entity, and maximizing deductions and tax credits.

Learn critical differences between a trial balance and a balance sheet and why it’s essential to complete the process rather than relying on the trial balance.

Understand the high-low method in small business accounting, how to calculate it, and the risks of relying on this method exclusively.

Discover how depreciation is applied in small business financial reporting and the dangers of categorizing it incorrectly.

Check out the top ways to turn pass-through losses into tax savings, including strategic timing of income and expenses, NOL carryforwards, and more.

Find out whether businesses get tax refunds (and which types are eligible), how it works, and considerations for and against using this strategy intentionally.