I'm a full-time dad, part time author (when I have time), and full-time accountant, with my own growing Accounting practice. I'm always looking for growing businesses, to help achieve their goals.
As much as I don't want to nit pick on this one. I'm going to stand my ground on those items being Cost of Sales, even if they are billed to the client, you rec...
I would classify that as COGS, like you said.It isn't a physical item but you bought it for the purposes of performing a service, and are now done with it. It c...
Thank you@ShanaNiederman@Jayme, Depending on your compexity at a minimum I recommend talking with a tax expert. Either an Enrolled Agent or a CPA. I can do my b...
@HHIf you are going to err, I would err on the side of paying taxes. If they request that their prior sales tax be reimbursed. I would grant them a credit for t...
I think it needs to fit the personality of your firm.I do send handwritten thank you cards, but I don't think holiday cards will be in my future. I'm not bah hu...