Year-End Accounting Tips
Year-end accounting is a critical time for businesses to ensure that their financial records are accurate and compliant. It's a time to wrap up the cu...
Tips on effective debt management for a business owner
Effective debt management is crucial for business owners to maintain financial stability, sustain growth, and avoid cash flow issues. Here are some ke...
Beneficial Owner Information (BOI) Reporting
Beneficial Owner Information (BOI) Reporting refers to the requirement for certain entities (such as companies, trusts, or other legal structures) to...
Preventing Expense Fraud
Preventing expense fraud is critical for protecting your business’s financial health and ensuring that employees or contractors don’t take advantage o...
The difference between the most well known accounting procedures.
The difference between the most well known accounting procedures. When it comes to accounting procedures, several frameworks and methods are commonly...
TAX EXTENSIONS DEADLINE
TAX EXTENSIONS for 2023 are due October 15, 2024 - Deadline to file your extended 2023 tax return to avoid possible penalties. Silicon Harbor can h...
How are prepaid expenses adjusted on the general ledger?
How are prepaid expenses adjusted on the general ledger? Prepaid expenses are items that a company has paid for in advance but has not yet consumed o...
Asset Management
When recording a new vehicle on the balance sheet, you'll need to consider several aspects to ensure accurate accounting. Here's a step-by-step guide:...
End-of-Month Bookkeeping Checklist
End-of-Month Bookkeeping Checklist End-of-month bookkeeping refers to the process of reviewing, reconciling, and finalizing a business's financial re...
How to hire a good bookkeeper
How to hire a good bookkeeper Hiring a bookkeeper can be a great way to take the burden of managing your finances off your shoulders, but it's impo...