Posts made in December, 2011

End of Year Profit and Loss: Defining the Real Bottom Line

Posted by on Dec 30, 2011 in Blog | 0 comments

End of Year Profit and Loss: Defining the Real Bottom Line

How does one define the bottom line? Webster’s Dictionary defines it as, the line at the bottom of a financial report that shows the net profit or loss. Now is the time for businesses to take stock, sort out, and prepare to report that bottom line to our friends at the IRS. It’s a time for antithetical thinking: wanting to look as low on profit and high on loss as possible. Webster’s also defines the term as, the primary or most important consideration In 2009 my husband and I embarked on what would become a two-year journey to adopt two teenage sisters from Latvia. The bottom line was...

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