Liabilities also include amounts received in advance for a future sale or for a future service to be performed. Sales are reported in the accounting period in which title to the merchandise was transferred from the seller to the buyer. Since the above items will have an unfavorable or negative effect on a company’s liquidity, […]

All these records can be kept electronically (Oregon doesn’t require paper copies), but make sure they are securely stored and backed up. Many firms scan everything and use a practice management system or cloud storage to organize trust records by client and date. If there was any communication about how funds are to be handled, […]

Tax Services Our previous CPA advised us incorrectly on many matters. Cassidy and his team have been able to clean up, and advise us on future growth. With his help we have been able to focus more on growing our business. We have had no more tax surprises since we moved with him. We know […]