The child and dependent care tax credit can be a game-changer for families. However, if you don’t know how to apply the credit to your taxes, you might not get the full benefit. KDK Accountancy is here to shed light on this valuable tax credit and how it can impact your finances. What Is the [...]
As we turn the page and welcome the new year, it's important to reflect on your business's financial status and plan to make the most of 2024. Accounting is a central cog of any business, and by setting accounting resolutions, you can ensure that your financial goals are met. In this blog post, we'll discuss [...]
Running a business is quite a challenging task. Aside from handling daily operations, marketing, and customer service, business owners must closely monitor their finances. Understanding the financial health of your small business is crucial for making informed decisions and ensuring long-term sustainability. By tracking and analyzing key financial metrics, you can evaluate your business's progress [...]
Small businesses, start-ups, and entrepreneurs face many challenges, and one of the most significant challenges is managing finances. Preparing financial statements, managing bank account operations, analyzing financial data, and preparing outgoing invoices are crucial tasks that need to be done at an affordable rate. Here's where outsourcing accounting and bookkeeping services comes into the picture. [...]
Have you considered hiring an Orlando CPA or any other type of small business consultant? If you have, you may be wondering if taking such a step is necessary for your company. Here are seven reasons your small business might need a consultant at some point. Marketing and Sales Many consultants specialize in [...]
Operating your own business has many advantages but also brings unique stresses and challenges, especially at tax time. Unfortunately, while wealthy corporations know how to seize every tax advantage, small companies and independent contractors often end up paying more taxes than necessary. Small businesses are vital to the economy, which is why the government provides [...]
Monitoring business performance means taking time to analyze financial components through a series of accounting reports. This analysis supports accurate budget and forecast creation. There are a few fundamental reports that every small business owner should understand and generate regularly. Building accounting reports on a monthly, quarterly and annual basis makes it easier to identify [...]
Tax time is often stressful and you want to take all of the deductions to which you are entitled. Many of these are connected to work. For example, if you use your car for work, gas, oil, and mileage can be deducted. People who work from home and have a room dedicated as an office [...]
Accounting is an integral element of any business whether it is small or large. You need to know what your company’s financial health is at all times to make informed decisions at every level of the organization. This is essential for a multitude of reasons. Here are the main questions to ask yourself to get [...]
Congratulations on forming your new business! You've selected a memorable name, catchy tagline, business cards, and website. You may be operating everything from your personal banking and credit accounts, but that may not be the best idea. Consider why you are often better off separating your business and personal accounts. Tax Concerns and Legal Issues [...]
