Updated March 2025 A profit and loss (P&L) statement helps you see if your business is making money or losing it. It’s one of the most important tools a business owner can use to understand performance, spot trends, and plan ahead. Whether you’re a sole proprietor or running a growing company, reading your P&L correctly […]
What Is a Profit and Loss (P&L) Statement — and Why Does It Matter? Read More »
Financial phishing scams in 2025 are anticipated to be more sophisticated than in 2024. With the emergence of AI for personalized attacks and exploiting vulnerabilities in emerging technologies like cryptocurrency, it’s imperative to stay alert. It is going to become increasingly harder to distinguish cybercriminals from legitimate sources. Cybersecurity threats are evolving faster than ever,
What Should You Watch for in Financial Phishing Scams in 2025? Read More »
2025 IRS mileage rates have been updated across business, medical, and charitable use categories. Understanding these changes can help you maximize your tax deductions and financial planning. Are you ready for 2025? The annual mileage rate adjustments can significantly impact how you track and deduct vehicle expenses. Let’s break down the latest changes that every
Navigating 2025: What’s Changed in Mileage Rates for Taxpayers? Read More »
Updated November 2024 Business charitable giving offers multiple advantages, including tax deductions of up to 25% of taxable income, enhanced brand reputation, and improved employee engagement. Companies can donate cash, assets, or make in-kind contributions while avoiding capital gains tax on appreciated assets. Strategic giving through donor-advised funds and matching programs can maximize both social
How Can Businesses Maximize Their Charitable Giving? Read More »
The landscape of business compliance is changing, and small business owners in Pennsylvania and across the United States need to pay close attention. The Corporate Transparency Act’s Beneficial Ownership Information (BOI) reporting requirement is a game-changing regulation that will impact how businesses disclose ownership information. What is BOI Reporting? The Beneficial Ownership Information (BOI) reporting
Effective financial management is the backbone of any successful business, yet it remains one of the areas most susceptible to errors. This can have dire consequences. Even if these errors stem from simple misunderstandings, the impact on a business’s financial integrity can be significant. Understanding and correcting common bookkeeping mistakes is not only about compliance
Five Bookkeeping Mistakes Business Owners Make Read More »
Managing the financial aspects of a business is a crucial, yet challenging task. While it may seem cost-effective to handle bookkeeping internally, partnering with a professional bookkeeper, such as Ryder & Company, can offer numerous benefits. Here’s why your business should consider professional bookkeeping services over the do-it-yourself approach. The Pros of the Professionals Expertise and
Why Your Business Should Partner with a Professional Bookkeeper Instead of Going DIY Read More »
While we’re well known for our tax preparation and planning services, our firm offers a plethora of other financial services designed to help both individuals and businesses succeed. We’re your one-stop shop for all your accounting needs. We want to highlight our bookkeeping services while briefly touching on other offerings that can benefit you or
Beyond Taxes: Accounting, Bookkeeping, and Much More Read More »
Tax season can be a stressful time for individuals and businesses alike. However, when you choose Ryder & Company, our tax preparation provides a smooth, efficient, and stress-free experience. Located in Berks County, we offer a range of accounting services, from tax preparation to bookkeeping. Here’s what you can expect when you decide to have
What to Expect When Working with Us During Tax Season Read More »
When your business gives back to the community through charitable donations, everyone benefits. Aligning with charitable causes can significantly boost the perception of your business, showcasing it as a socially responsible entity. By contributing to the greater good, your business can build a foundation of trust with both current and potential customers. Trust is a
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