An accounting system is a collection of interrelated processes designed to accumulate, organize, and report on an organization’s transactions. The ultimate goal of an accounting system is to generate reports based on this information to support management decision making. These reports help management make well-informed decisions.
Within the world of software development the term “beta” refers to the fact that the software is still under development and is not the final version of the software.
Why does a software manufacturer offer beta versions of their software to the general public?
It’s never too late to save money, even if you’re in the final hour of the tax year. There are things that an individual taxpayer can do at the last minute that have the potential of saving money, namely:
The last minute deferrals of income into the following tax year
It’s not unusual for a family member to provide financial assistance to another family member by giving the recipient money to meet a need -- i.e. to help purchase a home, pay for medical expenses, etc.
Financial ratios are metrics that help measure the health and performance of a business. Such ratios help tell the story behind what’s disclosed in the company’s financial statements, and they are relevant for both small and large businesses. They are also referred to as Key Performance Indicators (KPIs).
It’s never too early to begin detailed planning for next year’s taxes -- especially as we head into the final stretch of 2015 and get a better look at what the coming tax season has in store.
Unfortunately, when the tax season ends and most people stop thinking about tax issues, the tax scammers are just getting started. Their year-round commitment to finding new scams means taxpayers must remain vigilant and well informed.
“Nothing lasts forever,” as the age-old saying goes. Eventually, ownership and key employees will leave your business, voluntarily or involuntarily, and no longer play a role in the business they worked so hard to create.
