LIFO Versus FIFO and How Each Method Values Inventory
Category Archives: Blog
LIFO Versus FIFO and How Each Method Values Inventory
🖨 Print⏱ 3 min readShare by As the name implies, First-In, First-Out (FIFO) is a way for companies to value their inventory. The first items put into inventory or produced by the company are accordingly the first taken out of … Continue reading
How to Stay Safe with Business Email Compromise on the Rise
🖨 Print⏱ 4 min readShare by According to a report by the Financial Crimes Enforcement Network (FinCEN) released in July, financial institutions have incurred more than $9 billion in losses due to Business Email Compromise (BEC) schemes since 2016. With … Continue reading
How Parents Can Save Money for College-Bound Kids
🖨 Print⏱ 4 min readShare by No matter how old your children are, it’s always a good idea to start saving for college as soon as possible. (Yes, even when they’re still in diapers.) This might sound overwhelming, especially if … Continue reading
Debt Relief for Military Service Members, Veterans, Family Farmers and Small Business Owners
🖨 Print⏱ 3 min readShare by Small Business Reorganization Act of 2019 (HR 3311) – Scheduled to take effect starting in February 2020, this new law offers small businesses more agreeable terms when filing for Chapter 11 bankruptcy status. The … Continue reading
How to Get the IRS to Pre-Approve Your Taxes
🖨 Print⏱ 4 min readShare by It might seem odd, but it is possible to get the IRS to give you a straight-forward and binding answer to ambiguous tax positions in advance. How does this happen, you ask? The answer … Continue reading
When Full Costing Accounting Makes Sense
🖨 Print⏱ 3 min readShare by With more than 1.4 million accounting jobs in 2018, according to the Bureau of Labor Statistics, there are many different uses for accountants and their skills. With the need for accuracy and transparency in … Continue reading
