You also have to track inventory levels, costs, and valuations for all of your locations. If your franchise spans a large region, you may have additional work related to reporting sales and income taxes for multiple states. The demand for bookkeeping services is high, and many businesses struggle to keep up with their financial reporting. …
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Filing taxes independently is certainly a valid choice, but if hiring a CPA will reduce your stress and make tax season easier, it may well be worth the money. It might feel like a big expense, but if you can afford it, involving a financial professional in your business can be a worthwhile investment. And, …
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The debt ratio is defined as the ratio of total debt to total assets, expressed as a decimal or percentage. It can be interpreted as the proportion of a company’s assets that are financed by debt. While the total debt to total assets ratio includes all debts, the long-term debt to assets ratio only takes into account …
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