Bookkeeping and accounting, are numbers-related but are not quite the same thing. Both of them are important to every business’s success, but as a startup, you may have an additional requirement to keep good records. If you have investors, they’ll require that you give financial reports. And if you are trying to take a business …
10 Facts you should know about Bookkeeping for Startups Read More »
A startup is an organization that is controlled by one or more entrepreneurs and aims at introducing a new product or service to the market. Usually, founders fund in the beginning for setting up a startup. They invest a certain amount of time and money in research. In most cases, young entrepreneurs are involved in …
Tax accounting Tax accounting is when your accountant gives you recommendations on how to get the most out of your tax return. Tax accounting is managed by the Internal Revenue Service (IRS), and the IRS needs that your tax accounting legally sticks to the Internal Revenue Code (IRC). Tax accounting ensures that you don’t pay …