Insights

Content on accounting, finance, technology, and business management to guide companies and entrepreneurs.

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Accounting

A drawing on a blackboard about cash flow.

3 min read

Cash Flow Management Explained: The Lifeblood of Your Business

Picture of H&CO H&CO: Mar 18, 2024 7:37:26 AM

Cash flow management is a fundamental process that involves tracking, analyzing, and controlling the financial transactions occurring within your...

Accounting
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Accumulated Depreciation and Depreciation Expense

3 min read

Accumulated Depreciation and Depreciation Expense: A Complete Guide

Picture of H&CO H&CO: Feb 15, 2024 7:23:46 AM

To put it simply, accumulated depreciation represents the overall amount of depreciation for a company's assets, while depreciation expense refers to...

Accounting
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Pie chart representing cash basis and accrual concepts

5 min read

Choosing Cash Basis or Accrual Accounting for Your Business

Picture of H&CO H&CO: Feb 8, 2024 1:01:18 PM

To help you choose between these concepts for your business, first understand their definitions and then consult your trusted CPA.

Accounting
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Drawing that explains the GAAP acronym

2 min read

GAAP Accounting Principles Guide

Picture of H&CO H&CO: Jan 16, 2024 7:30:00 AM

Having a strong understanding of GAAP accounting is essential. GAAP encompasses a set of standards that govern the intricacies, complexities, and...

Accounting
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4 min read

What Will the FASB's New Disclosure Rules Mean for Your Company?

Picture of H&CO H&CO: Jan 5, 2024 12:20:00 PM

The Financial Accounting Standards Board (“FASB” or “the Board”) is issuing Accounting Standard Update (“ASU”) 2023-09. The amendments in this ASU...

Accounting
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2 min read

7 Reasons Why You Should Choose a CPA

Picture of H&CO H&CO: Jan 25, 2023 12:49:54 PM

When hiring an individual or CPA firm to prepare a tax return, filers need to understand who they're choosing and what important questions to ask. A...

Accounting
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2 min read

What is Deferred Revenue?

Picture of H&CO H&CO: Jan 23, 2023 9:33:40 AM

Deferred revenue is a financial concept that refers to money that has been received by a company, but has not yet been earned. It is a liability on a...

Accounting
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1 min read

IRS Issues Standard Mileage Rates for 2023

Picture of H&CO H&CO: Jan 4, 2023 9:27:00 AM

The Internal Revenue Service issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating a car for business,...

Accounting
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2 min read

IRS Extends the Deadline for Amending Eligible Retirement Plans

Picture of H&CO H&CO: Nov 3, 2022 8:24:20 AM

Notice 2022-45 was released by the IRS which extends the deadline for amending eligible retirement plans. This includes individual retirement...

Accounting
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