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By Numbers

Accounting, bookkeeping, and tax tips to help you understand your business finances.

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    Simplifying Fair Value Hedge vs. Cash Flow Hedge

    Hedging is primarily about protecting against adverse price movements in various financial metrics, including costs,…

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    Why Is Property Tax So High In Texas?

    Property taxes in Texas are local taxes that homeowners are required to pay on the value of their properties. Texas is…

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    How To Handle A ‘Right-of-Use’ Asset On The Balance Sheet

    The ASC 842 standard issued by the Financial Accounting Standards Board (FASB) has changed the way lease accounting is…

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    What is Texas Franchise Tax? Quick Guide for SMEs

    The Texas Franchise Tax (TFT) is a tax imposed on a taxable entity formed or organized in the state of Texas.

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    Things You Don’t Know About Trial Balance vs. Balance Sheet

    If you knew something that could potentially help you transform the way you see financial data, and how you apply that…

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    When is Property Tax Due in Texas?

    Property taxes in Texas are determined by local appraisal districts and are based on the market value of properties as…

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    How Long Does An Employer Have To Correct A Payroll When It Is Wrong: Texas

    Texas law aligns with the best practices in other states that give employers until the following pay period to correct…

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    Cost of Sales Vs. Cost of Goods Sold: An SME Guide

    Cost of Sales and Cost of Goods Sold are two accounting terms that are often used interchangeably.

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    Self-Employed vs. Freelance Tax: Is There A Difference?

    Self-employed vs. Freelance tax: Unsure how to submit your taxes correctly? Need advice? We help you master this topic…

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