Are Home Improvements Profitable?

Most Profitable Home Renovations Kitchen Renovations Increase value up to 20% Bathroom Remodels Increase value by up to 15% Renewable HVAC Systems Over 100% ROI Garage Door Replacement Improves curb appeal Are Home Improvements a Good Investment? Kitchen and Bathroom Remodels Profitable and high on a buyer’s list Painting High return for low cost Landscape … Read more

Is Account Receivable a Credit or Debit?

Accounts Receivable Overview Accounts receivable is always recorded as a debit. It reflects the money your customers owe you for goods or services delivered on credit. It’s a potential cash inflow, an asset that bolsters your company’s financial standing. Accounts Receivable as Credit When credited, accounts receivable represents a reduction in the amount owed by … Read more

Do I Pay Less Taxes with an LLC? Tax Benefits of LLCs

LLCs offer tax benefits when compared to other business structures. For example, LLCs taxation as pass-through entities means profits and losses passed through to owners’ personal tax returns. This avoids double taxation compared to corporations. LLCs also create clearly defined boundaries between personal and business expenses when reporting to the IRS. Taxation: As separate entities … Read more