The Benefits of Owning Your Own Business
The main benefits of an LLC are liability protection, credibility, tax flexibility, and easy startup. This can not only be tough on you personally, but can strain other responsibilities and relationships in your life. When you’re working with a smaller team, you (and your employees) often have to stretch your focus across many different facets […]
Financial Clarity: Demystifying Auto Dealer Accounting for Increased Efficiency
This shift requires adjustments in accounting practices to accurately reflect the changing revenue mix and cost structures. Effective inventory management is a linchpin for the success of any car dealership. It involves a delicate balance between having enough vehicles to meet customer demand and avoiding excess stock that can drain financial resources. One of the […]
Retained Earnings Formula: Definition, Formula, and Example
On the other hand, though stock dividends do not lead to a cash outflow, the stock payment transfers part of the retained earnings to common stock. For instance, if a company pays one share as a dividend for each share held by the investors, the price per share will reduce to half because the number […]