Introduction When applying for a mortgage, an SBA loan, or even certain lease agreements, you may be asked to submit a CPA comfort letter. This letter, issued by a Certified Public Accountant (CPA), confirms specific financial information such as self-employment status, income, or tax filing history. While not widely known outside […]
Retirement savings are crucial, and there are many ways to do it while saving taxes. One of the most tried and tested tax-free retirement savings is the Roth Individual Retirement Account (IRA). The Roth IRAs are funded with after-tax dollars, allowing every individual’s investments to grow free of taxes. Withdrawals made […]
Bookkeeping in finance is a concept that can be described as a systematic process of keeping records. The records are financial transactions on a day-to-day basis through proper expense classification. Businesses record transactions based on business operations to track data and make decisions regarding investments, operations, and other financial matters. The […]