Accounting Methods – Cash vs Accrual

Accounting Methods – Cash vs Accrual

Accounting Methods - Cash or Accrual - Which Is Right For Your Business? When starting a business, you have to determine the method for accounting and paying taxes. The two choices are the cash method and the accrual method. Cash Method The cash method is probably...
What Is A 1099-MISC?

What Is A 1099-MISC?

What Is The 1099-MISC? What is a 1099 MISC? Generally speaking, the IRS requires you to report certain payments you made during the year to independent contractors. The 1099-MISC form is a single page on which you report the total amount you paid to the independent...
How To Choose The Right CPA Firm

Why Does A Real Estate Agent Need A CPA?

Why Does A Real Estate Agent Need A CPA? A Certified Public Accountant, or CPA, can help you ensure that your real estate business accounting or individual taxes are accurate and complete. Some businesses are small enough, such as home-based businesses, that a...
Should We Regulate Accounting?

Should We Regulate Accounting?

Basic Accounting Principles for Real Estate Professionals Many people wonder why the idea of regulating accounting is becoming so popular. Due to past experiences with manipulating accounting figures, it is no wonder that accounting has been under so much scrutiny....