accounting

What is accounting? Accounting is a field or discipline that pertains to that science of economics which aims to classify, record and summarize financial activity of a business, so as to enable decision-making in those businesses. In simple terms, it can provide a “snapshot” of the business’ condition in economic terms, which quickly tells us … Read more

Financial accounting is a particular branch of accounting in which the financial transactions of a company are kept track of. To record, summarize and present the transactions in a financial statement or financial report such as a balance sheet or an income statement, standardized guidelines are used. Wilks CPA can help you manage and maintain … Read more

A credit score is a three-digit number that can make or break your ability to get credit. This numerical expression is determined after the statistical analysis of an individual’s credit files. Typically, the credit information used to come up with a person’s creditworthiness is based on credit reports gathered from credit bureaus. Getting high credit … Read more

The primary role of an accountant is preparing and examining financial records. An accountant makes sure that the financial records are accurate and that the taxes are all paid on time. Accountants also audit and perform an overview of the financial operations of the business so as to help in running it efficiently. Other roles … Read more

Today there are more tools available than ever before to help you stay on top of your finances and file your taxes. From smart phone apps that you can access with just one tap to sophisticated computer software that will sync with your bank accounts, there are numerous financial tools designed for the “do-it-yourself”. However, … Read more

Filing tax returns on your own without the help of an accountant or a tax consultant such as Wilks CPA, can be very overwhelming since it involves a lot of paperwork and computation. If you have decided to deal with all the challenges and hassles of filing your own taxes, then you need to first … Read more