The Acid Test Ratio, also known as the quick ratio or liquid ratio, is a financial metric that assesses a company’s short-term liquidity and ability to meet its immediate liabilities without relying on the sale of inventory. It is a more stringent measure of liquidity than the current ratio, as it excludes inventory from current… Continue reading What Is The Acid Test Ratio or Quick Ratio?
Category: Business Owners
What Is Financial Window Dressing?
Financial “window dressing” refers to a company’s manipulation of financial statements or accounting records to present a more favorable picture of its financial health and performance than is actually the case. The term is often used to describe actions taken by businesses to improve their financial ratios, performance metrics, or overall appearance, especially during specific… Continue reading What Is Financial Window Dressing?
5 Tips To Save On Health Insurance
Health insurance is a considerable cost of business for any company, but especially for small companies. Premiums continue to increase, and many smaller firms require employees to shoulder the financial burden. Many employers have been forced to eliminate medical coverage. Over 60% of those without health insurance are employed by small businesses. This is a… Continue reading 5 Tips To Save On Health Insurance
How To Settle An Old Tax Debt
Do you have an old tax debt lurking in your past? If you’re interested in settling it, consider these tips. You may be able to settle an old tax debt without paying the entire amount! Try these techniques: Find out the exact amount. The amount you owe will include fees and interest. The IRS or… Continue reading How To Settle An Old Tax Debt
What Is The Sarbanes-Oxley Act?
The Sarbanes-Oxley Act of 2002, often abbreviated as SOX, is a United States federal law enacted in response to high-profile corporate accounting scandals, including those involving Enron, WorldCom, and Tyco International. The Act is named after its sponsors, Senator Paul Sarbanes and Representative Michael Oxley. The primary purpose of the Sarbanes-Oxley Act is to enhance… Continue reading What Is The Sarbanes-Oxley Act?
When Do I Need A CPA?
A Certified Public Accountant, or CPA, can help ensure that your small business accounting or individual taxes are accurate and complete. Some businesses are small enough, such as home-based businesses, that a Certified Public Accountant is not needed for most accounting tasks. However, there are times when a business or individual should use a Certified… Continue reading When Do I Need A CPA?
How To Find A CPA
So, you have decided you need the assistance of Certified Public Accountants. How do you find a CPA? You can go through the yellow pages, of course, and look under the heading Certified Public Accountants. Alternatively, you can do an internet search for Certified Public Accountants. These methods, however simple they may sound, might not… Continue reading How To Find A CPA
Do You Need a Forensic Accountant?
Forensic accounting financial investigative specialists work with financial information to convey complicated issues in a manner that others can easily understand. While some forensic accountants and forensic accounting specialists are engaged in the public practice of forensic examination, others work in private industry for such entities as banks and insurance companies or governmental entities… Continue reading Do You Need a Forensic Accountant?
Do You Have A Wealth Mindset?
Indeed, you’ve heard the saying that when you believe in yourself, you can do anything. It’s a piece of advice that gets passed around for a reason – because it’s 100% true! It especially applies to having a wealthy mindset. It doesn’t matter where you’re starting from; with the proper steps, the sky is the… Continue reading Do You Have A Wealth Mindset?
What Debt Collectors Can and Can’t Do
Debt collectors are like mosquitos. They can be annoying, and they’re hard to dissuade. Fortunately, there isn’t much a debt collector can do besides call and mail you. The Fair Debt Collection Practices Act (FDCPA) spells out the actions that a debt collector may and may not undertake while collecting a debt. Your state has… Continue reading What Debt Collectors Can and Can’t Do