by Team FBPCPA | May 31, 2023 | Business Resources
The Identity Protection PIN (IP PIN) is a unique six-digit number issued annually by the Internal Revenue Service (IRS) to help protect taxpayers from identity theft. The IP PIN is different from the taxpayer’s Social Security number and is used as an additional... 
by Layne Bodily | Jan 30, 2023 | Business Planning, Business Resources, Financial Planning
This is Part 5 of a short series discussing the basics of the income statement. See part 1 for a general overview, part 2 for more info regarding revenue, part 3 for costs of goods sold and part 4 for operating expenses. So far, we’ve covered all the basics of... 
by Layne Bodily | Jan 13, 2023 | Business Planning, Business Resources, Financial Planning
This is Part 4 of a short series discussing the basics of the income statement. See part 1 for a general overview, part 2 for more info regarding revenue, and, part 3 for costs of goods sold. Operating expenses are expenses needed to run the company that does not... 
by Layne Bodily | Sep 1, 2022 | Business Planning, Business Resources, Financial Planning
This is part 3 of a short series discussing the basics of the income statement. See part 1 for a general overview, and part 2 for more info regarding revenue. In this post, we’ll be talking about costs of goods sold. In general, costs of goods sold are going to be... 
by Layne Bodily | Jun 28, 2022 | Business Planning, Business Resources, Financial Planning
This is part of a series by Layne Bodily, Partner at Fates, Bodily & Parker meant to help business owners understand their financial statements and how they can be used to make decisions and help grow your business. This is part 2 of a short series of posts... 
by Layne Bodily | Jun 21, 2022 | Business Planning, Business Resources, Financial Planning
This is part of a series by Layne Bodily, Partner at Fates, Bodily & Parker meant to help business owners understand their financial statements and how they can be used to make decisions and help grow your business. We talk a lot about running a business by the...