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Eckhoff Accounting News & Resources

Financial Statements Tell Your Business’s Story, Inside and Out

Financial Statements Tell Your Business’s Story, Inside and Out


Ask many entrepreneurs and small business owners to show you their financial statements and they’ll likely open a laptop and show you their bookkeeping software. Although tracking financial transactions is critical, spreadsheets aren’t financial statements.

In short, financial statements are detailed and carefully organized reports about the financial activities and overall position of a business.

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Why You Shouldn’t Wait to File Your 2018 Income Tax Return

Why You Shouldn’t Wait to File Your 2018 Income Tax Return


The IRS opened the 2018 income tax return filing season on January 28. Even if you typically don’t file until much closer to the April 15 deadline, this year consider filing as soon as you can. Why? You can potentially protect yourself from tax identity theft — and reap other benefits, too.

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