Bookkeeping

There are a number of signs that can signal a recession is either on the horizon or has already begun. When companies start to worry about economic prospects and reduced demand, they tend to reduce their workforces to cut back on the cost of business. Seeing a jump in the unemployment rate is thus a […]

If the loans are classified as held for sale, the net fees and costs should not be amortized; instead, they should be written off as part of the gain or loss on the sale of the loan. In some cases, the timing of loan originations is such that deferred amounts are not material. When a

Feel free to schedule your free 30-minute consultation now and let’s discuss how we can save you time and money. Understanding your goal and outlining the steps to get there are crucial to becoming successful. You tell us your dreams, then we quantify them and walk them back to today so you know how far

Or if you’re comfortable with the lesson above, feel free to move along to the next lesson on accounts payable, where we’ll go over expenses that aren’t paid immediately but instead are owing. One can purchase insurance against theft and damage for various business assets like an office building or equipment. An expense could be

Content Wealth Taxation How much money would it raise? Are billionaires really that rich? The Three Basic Tax Types Social effects Check for other taxes Direct wealth taxes have been repealed in several countries over the past few decades, partly because they tend to scare off wealthy people and hinder foreign investment. Anad valorem taxon

You should also include language explaining who is responsible for paying expenses incurred during the engagement, such as software fees, travel expenses, and other out-of-pocket expenses. The agreement can also include a timeframe for receiving payment (i.e., net 30) and a statement that nonpayment of invoices is a breach of contract and will result in

Contents: COMPANY What operating profit margin doesn’t tell you How to Apply Cubic Spline Interpolation in Excel (with Easy Steps) Sales Versus Gross Profit Margin To get your margin dollar amount, you would multiply 40% by $100,000 for a total of $40,000. Overall, a business needs to strike a balance when it comes to its

Another critical facet in the calculus of business taxes is the realm of state and local taxes. You can learn more about the Small Business Health Insurance Credit and other credits geared toward small businesses in our article on small business tax credits. The maximum credit is 50% of the employer-paid premiums but starts to

Whatever project or task you’re working on, chances are there is an advocate out there who has been where you are, and can offer feedback or input. This may be silly, but we have “Fur Fridays” in our “watercooler” channel in Slack, where we all share photos of our companion animals on a weekly basis,

Contents: Successful Entrepreneurs Know How To Pivot Jab Step Footfire and Slide drill U.S. Open Basketball Championships Day 4 Action Can you switch your pivot foot in basketball? Have your players spread out, lined-up in two lines. Players are in a good defensive stance position. On “go”, all players start the “footfire” with rapid moving