Bookkeeping

The American Express® Business Gold Card (Terms apply, see rates & fees) is a solid option for business owners who want to maximize their earnings but don’t want to put a lot of thought into how to do so. American Express automatically rewards you each billing cycle at a generous rate on the two categories […]

The room was used as a home because you used it for personal purposes for 21 days. That is more than the greater of 14 days or 10% of the 27 days it was rented (3 days). Corey owns a cabin in the mountains that he rents for most of the year. You can do […]

Content How is the cash to working capital ratio calculated? What Is the Working Ratio? Ask Any Financial Question What are financial ratios? Return on sales vs. profit margin Liquidity ratios calculate how capable your company is of paying its debts. They typically measure current business liabilities and liquid assets to determine your company’s likelihood […]

Content THE LEAST REGRESSIVE STATE AND LOCAL TAX SYSTEMS Progressive Tax: Definition, Structure & Example What is adjusted gross income (AGI)? What Is A Progressive Tax? Stay informed with the latest TaxEDU resources! Economics Washington State, which does not have an income tax, is the highest-tax state in the country for poor people. In fact, […]

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Content Key Concepts Business Cards Importance of the Working Capital Cycle Are you prepared to give away equity and a share of your business? Controlling The large changes in the HHI relative to the C10 reflect the fact the HHI is significantly affected by the grouping of already large businesses. There are large changes in […]

Contents: Include employer-paid payroll taxes and social security contributions How does automating payroll processing work? Go Paperless with Paycards This way, the management can draw up a budget for other projects and investments with confidence, because they don’t have to worry about pending payroll liabilities. The information on how much the company has accrued in […]

Contents: Accounting for Acquisition of Ownership Interest in a Limited Partnership Partnership definition Different Types of Partnerships Marketing exchanges and partnerships It is a “loss” to the partner and is therefore debited to his current account. These accounts are kept in a T-form for examination purposes, a separate column being kept for each partner. − […]

Content Worksheet 6-A. Self-Employed Health Insurance Deduction Worksheet (For Individuals Who Use Schedule C) Canceling an EIN – Closing Your Account Publication 334 – Additional Material Prepare Your Taxes Get COVID-19 Tax Relief Business Name Change However, you can deduct these deferred startup costs only to the extent they qualify as a loss from a […]

Content A Common Business Transaction That Would Not Affect Stockholders’ Equity Expense Contra Account Does Issuing Common Stock for the Purchase of a Company Affect Retained Earnings? A final word about contra asset accounts Contra Account: A Complete Guide [+ Examples] What Is a Contra Account? What are examples of contra accounts? Types of Contra […]