Beyond federal income taxes, your employer will also withhold Social Security and Medicare taxes from each of your paychecks. Social Security tax is withheld at 6.2% and Medicare tax at 1.45% of your wages. Your employer then matches those amounts, so the total contribution is double what you paid. If you earn wages in excess […]
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Run contests on social media to engage your audience and increase your online presence. Host quarterly webinars on trade discount: recording calculating examples relevant accounting topics to keep clients informed and engaged. I posted a draw to win 1 free year of accounting services in exchange for liking the firm’s Facebook page. An inbound marketing
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Therefore, the current cost accounting technique focused on the current values of individual items in the formation of financial statements and not on the original cost/historical cost. During the period of rising prices, shareholders are benefitted to the extent fixed assets and net working capital are financed while the amount of borrowings to be repaid
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