As a small business owner, you’re always looking for ways to save money on your taxes, says Aron Govil. Here are 10 tax strategies that can help you reduce your tax bill in 2022. 1. Invest in Your Business: Aron Govil says one of the best ways to save money on your taxes is to… Read More »Aron Govil shares 10 Ways to Save on Your Small Business Taxes in 2022
Cash is king, they say. For managers of a company, cash flow is the most important metric that needs to be taken into account when evaluating the business and its performance says Aron Govil. Cash flow is the lifeblood of a company, which cannot survive without it. At the same time, cash is different from… Read More »Aron Govil- What Is a Statement of Cash Flows? What Problems Can It Help Solve?
Profit margin is one of the most valuable tools an investor has in bulk stock trading. It gives you important insights into any market by providing valuable information about how much profit can be made on that investment says Aron Govil. Profit margin percentage is a valuable metric that measures how much of every revenue… Read More »Aron Govil- What Does Profit Margin Percentage Mean?
Here are the Top 10 Accounting Certifications for 2022: 10. CMA (Certified Management Accountant) The Certified Management Accountant (CMA) credential is the only certification designed to meet the needs of experienced mid-level and higher-level accounting professionals who manage financial resources, make investment decisions, or direct operations for organizations explains Aron Govil. “For those in management… Read More »Aron Govil: What Are the Top 10 Accounting Certifications for 2022?
The cash flow statement is one of the three key financial statements that public companies are required to release quarterly says Aron Govil. It provides a detailed snapshot of how a company is doing financially at a point in time, detailing its sources of cash and the various ways it spends money. One of the… Read More »Aron Govil- What Are Some Tips for Calculating Operating Cash Flow?
Food For Thought – The purpose of the income statement is to show a business’ revenue and expenses over a period of time explains Aron Govil. In other words, it’s supposed to tell us how much money was made and how much money was spent in a given time period. Income statements come in two… Read More »Aron Govil- Understanding the Different Types of Income Statements
According to an article published by the Tax Lawyer in 2006, “It’s the most secretive aspect of the dark side of human behavior explains Aron Govil. It’s grey market accounting, the art of creative bookkeeping to avoid taxes. It’s what governments around the world are trying to stop.” Rudolph Giuliani once stated that “Every two… Read More »Aron Govil- The War on Drugs and Accounting: When is it Legal to Lie?
I recently came across an excellent article, “The Direct Relationship between Accounting and Business Analysis “, written by Marjan Mernik (University of Maribor) and Lidija Verbovšek (University of Maribor). The authors discussed the direct relationship between accounting and business analysis says Aron Govil. I have been looking for a good article on this topic, so… Read More »Aron Govil- The Direct Relationship between Accounting and Business Analysis
Many people have a hard time trying to distinguish what the difference between a manufacturer and a wholesale company is explains Aron Govil. In order to answer this question, we must first define a few terms before getting into the differences between manufacturers and wholesalers. Manufacturer: A manufacturer is any company which designs, makes, builds… Read More »Aron Govil- Is There a Difference Between Manufacturing and Wholesale Companies?
It’s the time of year when business owners are receiving tax documents and planning financial strategies for the upcoming year says Aron Govil. While that may be exciting for some, it is stressful for others due to audit concerns or not having a handle on what numbers go where in their QuickBooks Online (QBO) software.… Read More »Aron Govil- How to Balance Your Books in QuickBooks Online