Key Differences Between Nonprofit and For-Profit Accounting
Whether it’s accounting for a non profit organization with restricted donations or a corporation seeking to boost shareholder returns, the accounting approach must align with the entity’s core goals. Their financial reporting emphasizes metrics like net income, profit margins, and return on investment. This form of accounting for profit organizations focuses heavily on profitability to…
Research and Development Tax Credit: A Business Owner’s Guide
For 2025, businesses can apply for credits related to 2024 expenses from March 20 to March 26, 2025. To qualify, companies must be classified as target industry businesses, which include manufacturing, life sciences, IT, aerospace, homeland security, cloud computing, marine sciences, materials science, and nanotechnology. A certification letter from the Florida Department of Commerce is…