The Suspense Account A suspense account is a tool that can be utilized for different purposes depending on the business context....

Bookkeeping is the process of systematically recording, maintaining, and organizing financial transactions and records of a business. It...

A common issue with single-owner and other closely held corporations is the intermingling of funds. This happens when a corporate...

As we approach year-end 2022, let’s get a jump on our vendor 1099 forms, due at January month-end 1/31/2023 by knowing your filing...

Some businesses may hire both independent contractors and employees, and they may perform similar work. There are key legal differences...