An increase in a company’s inventory indicates that the company has purchased more goods than it has sold. (A decrease in inventory would be reported as a...

The federal government’s fiscal year goes from October 1 through September 30. Fiscal year-end is the end of a fiscal year. Microsoft’s fiscal year doesn’...

There is no need to consulting a financial advisor before starting a Roth IRA. First of all, if you are just starting the amount of money you could lose f...

Got outstanding invoices? Here are 8 things you can do Write a payment request letter or email. Send an overdue invoice. What is a statement of accounts, ...

The prime rate does not change at regular intervals. It changes only when the nation’s “largest banks” decide on the need to raise, or lower, their “base ...

December 31, 1987 Tax Reform Act of 1986 (P.L. 99-514) required individuals filing a tax return due after December 31, 1987, to include the taxpayer ident...

You can divorce your spouse even if you can’t find him/her and even without their participation in the divorce proceeding, so long as a Judge is satisfied...

An owner-operator is someone who owns a small business and also runs the company’s day-to-day operations. The term owner-operator is used in many industri...

Audit procedures to obtain audit evidence can include inspection, observation, confirmation, recalculation, reperformance and analytical procedures, often...

Hi Renee, there isn’t an official “changing from Single-Member LLC to Sole Proprietorship”. It’s better to think about it correctly: You are dissolving an...