Case Study: How Luminous Tec Fueled Growth with Section 179 Tax Benefits

by NexGen Support Team

Here we have a classic business case of reaping the benefits of Section 179 by investing in vehicles over 6000 pounds GVWR. Want to see how Section 179 tax benefits can fuel business growth?Watch our video case study on how Luminous Tec leveraged these benefits to...

The Importance of Accounting in Business Growth: Building Financial Integrity

by NexGen Support Team

Understanding the importance of accounting in business is very important. Benefits of accounting in decision-making not only helps businesses grow and succeed, but it is also about following rules; it also helps businesses expand. The accounting process involves...

The Essential Guide to Grants for Small Business Owners: Exploring Small Business Grants, Funding Opportunities, and Key Resources for Success

CPA Cost for Small Businesses: Understanding the Fees and What to Expect

by NexGen Support Team

Cost Of Hiring a  CPA (Certified Public Accountant) can make managing business taxes and other financial tasks much more manageable for small business owners. If you’re wondering, “How much does a CPA cost?” the answer depends on your required...

What Is EBITDA? Learn Its Formula, Importance, and How to Use It in Business Valuation

by NexGen Support Team

What is EBITDA? EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a powerful financial metric that helps assess a company’s operating performance. If you’re wondering how to calculate EBITDA, it’s done using a...

Liabilities in Financial Accounting: Understanding Their Meaning, Types, Examples, and Key Ratios

by NexGen Support Team

Understanding liabilities in the financial accounting world is very important. They help us understand a company’s performance. Financial statements follow certain rules called generally accepted accounting principles, or GAAP. These statements show a...