Tag Archive for GAAP

Understanding The Accounting Term EBITDA And How To Use It

Article Highlights

• Definition of EBITDA
• Use EBITDA to compare businesses
• One gauge of a business’s financial health

The accounting term EBITDA is an acronym that is widely used. It stands for Earnings Before Interest, Taxation, Depreciation, and Amortization, and it is an extremely helpful tool for understanding how one business or industry is faring based on comparing it to others that are doing the same thing. EBITDA’s value lies in the fact that it gives a very quick assessment of a business’s earnings potential; but, because it is not part of generally Read More

Written by | Posted in TaxConnections

Ensuring Financial Success For Your Business

Can you point your company in the direction of financial success, step on the gas, and then sit back and wait to arrive at your destination?

Not quite. You can’t let your business run on autopilot and expect good results. Any business owner knows you need to make numerous adjustments along the way – decisions about pricing, hiring, investments, and so on.

So, how do you handle the array of questions facing you? One way is through cost accounting.

Cost Accounting Helps You Make Informed Decisions

Cost accounting reports determines the various costs associated with running Read More

Written by | Posted in Small Business • Tax Planning • Tax Tips