Posts Tagged “balance sheet”

How to Avoid the Tax Time Scramble (Next Year)

tax docs on desk

It’s spring, and that means finding everything you need to pay your small business taxes. The good news is, you only have to go through this scramble one more time. If you hire BookWerksTM, one of the top Cincinnati bookkeeping companies, paying taxes next year will be a piece of cake. We’ll automatically send the […]Read More

Understanding the Difference Between Balance Sheets and Income Statements

someone at computer using bookkeeping software

Professional bookkeeping businesses produce income statements and balance sheets for their clients. These reports are excellent tools for owners of businesses, but are often confused. A balance sheet gives a snapshot of financial situation at a moment in time, while an income statement – or profit and loss statement – measures financial position changes over […]Read More