Introduction As a business owner, have you ever been puzzled by why your net income seems to fluctuate drastically from month to month? If so, you’re not alone. Many business owners face this issue, often due to using cash basis accounting. At Rakoty Accountants, we highly recommend switching from cash basis to accrual basis accounting […]
Introduction If you’re a business owner with an LLC (Limited Liability Company), understanding the various tax deductions available to you is essential. At Rakoty Accountants, based in New Jersey, we specialize in helping LLC owners like you minimize their tax liabilities while maximizing deductions. In this guide, we’ll cover the most common expenses you can […]