Below are the key differences between GAAP and tax treatment of loan origination fees for lenders. GAAP Treatment Under Generally Accepted Accounting Principles (GAAP), loan origination fees are not recognized as income immediately. Instead, they must be accounted for over the life of the loan. Key GAAP Guidelines: Origination fees are deferred and amortized into […]
How to Properly Manage Your Business Cash Flow
Cash flow is the lifeblood of any business. Regardless of how innovative your product is or how many sales you generate, if there’s not enough cash available to cover day-to-day expenses, your business could quickly find itself in trouble. Managing cash flow effectively ensures your company remains financially healthy and resilient during economic ups and […]
Bonus Depreciation
Bonus depreciation lets businesses deduct the full cost of qualifying assets immediately in the year they are placed in service, instead of spreading deductions over several years. This can reduce taxable income faster and improve cash flow beneficial for managing capital investments. What You Need to Know About Bonus Depreciation in the One Big Beautiful […]
3 Ways to Receive Payments in QuickBooks Online
Got customer payments coming in? QuickBooks Online has multiple ways to accept and record them. One of the biggest challenges small businesses face is managing a steady cash flow. Keeping income ahead of expenses is a constant balancing act. QuickBooks Online can help. With easy-to-use forms and a convenient mobile app, it helps you track […]
Understanding Depreciation Deductions for Business Real Estate
Depreciation is one of the most powerful tax advantages available to real estate owners. If you own commercial property or use real estate in your business, depreciation deductions can significantly reduce your taxable income over time. However, many business owners miss out on maximizing these benefits due to a lack of understanding. Here’s a clear […]
How Fraud and Scams Affect Small Businesses—and How to Move Forward
Fraud and scams are more than just occasional risks for small businesses—they’re a growing threat that can damage finances, reputation, and even long-term viability. From fake invoices and phishing emails to employee theft and cyberattacks, the impact can be devastating. Small businesses often lack the resources and safeguards that larger organizations use to detect and […]