#fredericksburgtax

Your Profit and Loss Statement: What You Need to Know

As a small business owner, you wear a lot of hats. When you sit down to calculate your finances, a Profit and Loss Statement (or P&L...

Where Do Your Tax Dollars Go?

We pay taxes every year, but do we really know where our hard-earned income goes? Today, we take a deep dive into the top three areas...

How Do I Choose between the Cash or Accrual Methods?

Like many things in life, timing is everything when it comes to choosing the best accounting method for your small business. Read on to...

Customer Appreciation Week

We are proud to announce Customer Appreciation week once again this March! As a thank you to those who serve our community, mention the...

Qualified Business Income (QBI) Deduction for Small Business Owners

We understand, taxes are hard. That's why we're here to help. Today, we break down one big change in the tax code that may affect your...

Thinking of Opening a Bank Account for your Kids?

Whether you're expecting, a new parent, or have been a parent for years, opening a bank account is a great tool to help your child's...

5 Ways to Manage your Credit Card Debt

Credit cards are useful for multitudes of financial needs in today's world. Young adults learn about managing money and building their...

What Should I Bring to my Tax Appointment?

Tax season is just around the corner, and here at Practical Accounting Solutions we want to help you be prepared! Whether this is your...

Why You Should Hire an Accountant for Your Personal Finances

Hiring an accountant for your personal finances may seem like an unnecessary expense, but often times your accountant will save you more...

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