Depreciation of fixed assets is a crucial process that businesses undertake to gradually reduce the recorded cost of their fixed assets over time. Fixed assets such as buildings, furniture, and office equipment can be depreciated, with the exception of land…. Read More
Archive for the ‘Finances’ Category
What’s the Difference Between Amortization and Depreciation?
If a company acquires assets like company vehicles, corporate headquarters, or patents, these assets are expected to provide benefits to the company over an extended period rather than just in the period they are acquired. To reflect this expected value… Read More
The 3 Types of Financial Statements For Small Businesses
For small business owners, keeping a close eye on the health of their business is the key to long-term success. Especially for first-time business owners who have decided to jump in head-first, it can be very difficult and overwhelming once… Read More
What are the Benefits of Hiring a CPA to Handle Your Small Business Taxes?
Taxes are one of the most stressful things that the average person has to handle, and as a small business owner, that stress increases exponentially. Doing small business taxes is often a much more complex beast than doing a standard… Read More
Why Small Business Owners Should Have a CPA for Tax Prep
Small business owners are fully aware of the many duties that come with the job. Sometimes, you have to jump into other tasks that aren’t specifically your responsibility like inventory management or customer relations. That may even mean doing your… Read More
Tax Deductions Every Small Business Owner Should Know About
Many small business owners dread tax time, as it means looking through all of their receipts and trying to determine whether or not they can claim any tax deductions from them. This process can be incredibly confusing, and many businesses… Read More
Should Your Business Adopt Mobile Payments?
As technology races ever forward, businesses have to continuously update their systems at a breakneck pace just to keep up or—at the very least—not fall too far behind. One of the newer systems beginning to make its mark is mobile… Read More
Financial Metrics Every Small Business Owner Should Track
Owning a business is a lot of work. In addition to the actual work that your business does – selling, landscaping, fixing, treating, etc. – you also have to do all of the tasks of a business manager. And of… Read More
How to Get Your Startup Started
It takes a lot of planning, financial decision-making, and having and checking off a legal compliance list to start a startup. If this all sounds overwhelming, The Harding Group is here to help. Here is a streamlined look at some… Read More
3 Reasons Your Small Business Needs a Professional Accountant
Taking the chance on a small business idea is both thrilling and terrifying. There is always a lot of work to do and a lot at stake, making it that much more important that your small business’s bookkeeping and accounting… Read More