Posts Tagged ‘accounting’
Guest Column: Cash vs. Accrual Accounting
Cash vs. Accrual Accounting By Karin Lichtenstein, Owner, Capital Bookkeeping, Inc. The two principal methods of accounting differ only in the timing of when business income and expenses are recognized on the books. The accrual method is more commonly used and records transactions when the order or sale is made, the item is delivered, or…
Read MoreGuest Column: Subcontractor or Employee?
Subcontractor or Employee? Accounting Advice for Better Business It can be tricky and a bit of a gray area to determine whether someone is your employee or an independent contractor. And there is no one single rule. Instead, the IRS looks to the ‘degree of control’ you have over the means and methods over an…
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