It is a common belief that auditors will detect fraud in a company if any is committed in the organisation’s financial system. However, the truth is those audit procedures are never designed in the first place to detect fraud or wrongdoing in the financial statements. Business fraud includes misappropriation of Read more…
Forensic accounting is a type of accounting that investigates financial information for potential evidence of crimes. Forensic accountants use legal skills to determine if a financial activity is illegal and provide litigation support and investigative accounting services. Organizations can utilize forensic accountants to track their financial performance, identify fraudulent activities, Read more…
However, you’ve already committed to purchasing a new piece of equipment in about seven months, and with a 3% drop in cash, your liquidity may drop below your comfort level. A circumstantial scenario would include situations that impact cash flow that are relatively out of your control. For example, a Read more…
Consider seeking professional wealth management services to further enhance your business’s financial stability and long-term growth potential. Short-term financing can provide businesses with immediate access to cash, helping them manage temporary cash flow shortages. The indirect method provides a broader view of a company’s cash flow and is commonly used Read more…
While individuals do not have to pay income taxes, the same is not true for all types of businesses in Florida. Corporations and artificial entities that conduct business, or earn or receive income in Florida, including out-of-state corporations, must file a Florida corporate income tax return unless exempt. Sole proprietorships, Read more…
Florida also has a 6.00 percent state sales tax rate and an average combined state and local sales tax rate of 7.00 percent. Florida has a 0.71 percent effective property tax rate on owner-occupied housing value. While Florida is recognized for its absence of state income tax, it does levy Read more…
7% long-term capital gains tax on profits of $250,000 or more. Increase your desired income on your desired schedule by using Taxfyle’s platform to pick up tax filing, consultation, and bookkeeping jobs. When you’re a Pro, you’re able to pick up tax filing, consultation, and florida income tax rate bookkeeping Read more…
Operating cash flow is the cash generated from a company’s regular business operations. It signifies a businesses’ ability to generate sufficient revenue to cover operational expenses and maintain profitability. It’s a key indicator of a business’ financial health and operational efficiency. Cash Flow Analysis Mismanaging finances or miscalculating cash flow Read more…