The Basics of Sales Tax Accounting Journal Entries

If you meet the IRS qualifications for not paying capital gains tax on the sale, inform your real estate professional by Feb. 15 following the year of the transaction. A homeowner can make their second home into their principal residence for two years before selling...

18 Best Santa Ana, CA Accountants

It was founded and led by Nina Afshar, who has more than 25 years of experience in the business. Our firm offers a wide range of accounting services including business consulting, payroll processing, audits, bookkeeping, new business advisory, and much more. It...

Prepaid Rent Journal Entry Example

Inflation is an economic concept that refers to increases in the price level of goods over a set period of time. The rise in the price level signifies that the currency in a given economy loses purchasing power (i.e., less can be bought with the same amount of money)....

Present Value Formula Step by Step Calculation of PV

Assuming that the discount rate is 5.0% – the expected rate of return on comparable investments – the $10,000 in five years would be worth $7,835 today. The Present Value (PV) is a measure of how much a future cash flow, or stream of cash flows, is worth as of the...

How to Hire a Bookkeeper for Your Small Business Key Steps

We’ll answer important questions, highlight signs that it’s time to bring in a bookkeeper, datacloud international and guide you through the steps of finding the right fit. You may also feel like it’s time to take a break from the grind and focus on other things that...
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