Gary’s Cupcakes is a bakery that Gary operates from a kitchen and storefront. Gary claims the cost of these 2 employees salaries as well as their health and dental benefits as a tax write-off. If your business requires the services of a legal professional, you can deduct their fees from your taxable income. This applies … Leer más
Having one company for each rental property is another way to set up multiple rental properties in QuickBooks Online. The risk of posting transactions to the wrong property or tenant is reduced, and financial reports are cleaner. However, there are also more steps involved when setting up 2 different companies, and a user will need … Leer más
There are multiple types of financial modeling, each tailored to specific purposes. To create effective financial models, you must understand their core components. These elements, from financial statements to assumptions, ensure your financial modelling is accurate, reliable, and aligned with business goals. These components ensure that your model reflects reality and enables informed business decisions … Leer más
