About Us
Eddy Company, LLC is a registered investment advisory and accounting firm. Services provided include comprehensive financial planning, investment management, tax preparation, and other accounting services for businesses and individuals. Please visit our web site at www.eddycompany.com for more information about our firm and services.
Products & Services
Eddy Company, LLC offers competitive rates on insurance, banking and investment services.
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"Nate has an innovative idea that is much needed and desired in the Cape Ann, MA area. He is a..."
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"Nate has an innovative idea that is much needed and desired in the Cape Ann, MA area. He is a passionate entrepreneur who works great with people. "
"Katie has a great personality, and although I haven't received services from her, her business..."
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"Katie has a great personality, and although I haven't received services from her, her business seems to be full of patients. She seems like a qualified and competent professional. "
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Feel free to message me to help you with this or contact me via my website: www.eddycompany.com
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Feel free to message me to help you with this or contact me via my website: www.eddycompany.com
I assume your company is in Ohio?
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I assume your company is in Ohio?
Quickbooks for Accounting, TaxAct for tax prep.
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Quickbooks for Accounting, TaxAct for tax prep.
The standard is to hire a CPA or Enrolled Agent. However, credentials aren't everything. With a business, experience matters. Hire someone well versed in payroll, associates taxes, and business entity formation and laws.
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The standard is to hire a CPA or Enrolled Agent. However, credentials aren't everything. With a business, experience matters. Hire someone well versed in payroll, associates taxes, and business entity formation and laws.
I use PayPal and that works fine for me. Hate paying the fee to accept credit/debit, but haven't found a free one. Let me know if you hear of one. I always tell people to send checks in the invoice.
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I use PayPal and that works fine for me. Hate paying the fee to accept credit/debit, but haven't found a free one. Let me know if you hear of one. I always tell people to send checks in the invoice.
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There aren't actually a lot of required licenses and/or credentials required for an accountant. However, if you need to be represented before the IRS in court, he or she must be an Enrolled Agent or CPA. For typical accounting work like tax prep. and reconciliations, etc., your accountant need...
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There aren't actually a lot of required licenses and/or credentials required for an accountant. However, if you need to be represented before the IRS in court, he or she must be an Enrolled Agent or CPA. For typical accounting work like tax prep. and reconciliations, etc., your accountant need only have a PTIN number from the IRS, which all accountants have to file taxes for clients.
I personally work with clients across the country and have used a lot of modern technology like Dropbox for secure collaboration. The key is having an accountant with a proven track record and have relevant experience for what you need. In terms of what exactly your needs, the more experience the better.
It depends on how you structure your business first of all. In general, however, expenses that directly contribute to the generation of revenue are deducted to arrive at net income that is passed on to the business owners. How you report this depends on the structure of your business. S...
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It depends on how you structure your business first of all. In general, however, expenses that directly contribute to the generation of revenue are deducted to arrive at net income that is passed on to the business owners. How you report this depends on the structure of your business. S Corporations and simple one-person LLC's use different forms to report income. For instance, a sole proprietor would typically report revenue and expenses on a schedule C, with net income transferring on page 1 of the form 1040. On the schedule C, certain expenses, such as home office expense, vehicle costs, utilities, etc. are reported and offset revenues. However, there are certain rules related to each expense that should be explored before listing all related expenses. For example, one method of claiming home office expense calculates the portion of expenses relative to the square footage the actual space used for business comprises in the home.
It would matter if you chose "cash" or "accrual" accounting as your method of accounting reported. With cash accounting, revenue is recognized when cash is received. With accrual accounting, revenue is recognized when the earning process is completed and delivery of service is assured. It is...
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It would matter if you chose "cash" or "accrual" accounting as your method of accounting reported. With cash accounting, revenue is recognized when cash is received. With accrual accounting, revenue is recognized when the earning process is completed and delivery of service is assured. It is good to look at your total sales and how they are derived to decide which type of accounting is appropriate for your business.
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