S.J. Julian & Co. on LinkedIn: What to Know Before Applying for Business Credit Card (2024)

When starting your business, you'll have to choose one of two different accounting methods: cash or accrual. Cash-based accounting is typically used for small, first-time businesses where sales and expenses are recorded only at the time of payment. Accrual accounting is more complicated to cash-based accounting. Sales or expenses are recorded when they're incurred, even though the payments will begin at a later date. The accrual method encompasses a longer-term view of the business across multiple periods, and it’s the standard among larger companies and financial institutions. Take a moment to determine what you think will be fit your business, and if you need additional help with your businesses accounting - don't hesitate to call us today at (607) 748-2255!

Planning and implementing a proper emergency fund should be at the top of your priority list. It’s the key to healthy finances and helps you to stay out of debt in the state of an emergency. Saving may be overwhelming, but just adding a little bit of money to your fund every month can go a long way. Guidance to navigate through life's challenges towards financial success is just a call away! Contact us at (607) 748-2255.

You Can Expect Extraordinary and Personalized Service from Us. Don't Wait! Contact Us Today at (607) 748-2255!

As a small business owner, it's important to periodically estimate your income taxes throughout the year based on your business' growth and projected pretax income. If you're a small business owner, including online business owners, may find yourself having to make quarterly estimated federal tax payments if you expect to owe more than $1,000 for the year. Need help with your business' taxes? Schedule an appointment with us today at (607) 748-2255!

Estate contains what an individual possesses from their real estate and vehicles to their bank accounts and stocks. If an individual dies, their estate could be subject to an estate tax - often called a "death tax." The IRS calls it a tax on your right to pass on your property at your death. You've got questions and we've got experience! Call us at (607) 748-2255.

There are multiple factors that can contribute to your credit card limit. Income, debt-to-income, credit history, type of credit card and even your limit on other cards all play a role in the determination of your credit card limit. We keep your finances in order so you can continue focusing on what you love! Call us at (607) 748-2255 to schedule a consultation.

Working in a foreign country comes with its own set of challenges and tax implications. Before jet-setting across the globe, there are some important factors you should consider regarding your international tax responsibilities. https://bit.ly/49M902K

Your business isn't bookkeeping, but it is ours. Let us take care of it for you! Contact us today at (607) 748-2255.

1

Alternative public offerings are a mixture of reverse mergers with a private investment of public equity. It permits businesses to an initial public offering. Stop being your own accountant. Talk to us today at (607) 748-2255 about how our comprehensive service can benefit your business!