An income statement is a report about your business’s profit and losses over a particular period of time. It’s a legal document that’s designed to provide information about your business’s performance so that investors know what to expect. An income statement gives a detailed overview of your sales and your net income. 

The information on your income statement is used to make various calculations, such as your gross profits and your return on assets. In addition to helping investors, it’s also useful to have on hand for your business tax service professionals, like accountants and bookkeepers.

Business Tax Services & Other Paperwork

Because an income statement is an important legal document, it’s crucial to get it right. Hal Surratt CPA in Archdale, NC, has been helping businesses in High Point and throughout the Piedmont Triad keep their books clean and accurate for 14 years. When you invest in accurate bookkeeping for your growing business, you’ll get access to accountants who have all the paperwork all ready to go when it’s time to file your business taxes. The tax code isn’t getting any simpler, but high-quality business tax services make it easy to comply with the law and get the most out of the deductions you’re entitled to.

For more information on the business tax services you need to thrive, call Hal Surratt CPA in High Point at (336) 861-4024. You can also visit their website for more details on all of the accounting and bookkeeping services available.