Core Financial Blog
Tax Planning VS Tax Preparation
What is Tax Planning and Tax Preparation? As a business owner you’ve probably heard these terms before, but do you understand the differences between them?
Accounting VS Bookkeeping: What’s the difference?
Recognizing the unique contribution both accounting and bookkeeping bring your business will allow you to not only maintain compliance but to also thrive financially through informed decision-making!
Tips to Reduce Taxes Owed to the IRS
Effective tax planning requires proactive measures taken throughout each calendar cycle rather than reactive ones during filing season alone!
Understanding Gross Profit Margins: Essential Insights for Small Business Owners
“A higher GPM suggests that a company is effectively managing its production costs and can sell its products at a higher markup, whereas, a lower GPM might indicate that a company is struggling with high production costs or selling its products at lower prices, which could be a red flag for potential profitability issues.”
Cash vs. Accrual Accounting: Which Method is Right for Your Business?
“While cash basis accounting offers simplicity and ease, accrual basis accounting provides a more accurate and comprehensive view of your financial health.”
