Bookkeeping

If a company follows an accrual basis of accounting, the interest revenue will be recorded in the income statement even if the interest income has not been received. However, if the company had been using the cash basis of accounting and the cash had not yet been received by the end of the reporting period, no […]

When the investee company pays a cash dividend, the value of its net assets decreases. Using the equity method, the investor company receiving the dividend records an increase to its cash balance but reports a decrease in the carrying value of its investment. Other financial activities that affect the value of the investee’s net assets

There’s a $10,000 minimum deposit requirement to open a CD account. CDs can be a low-effort, lower-risk addition to your investment strategy, which can help balance out risker investments. But investing in CDs also means you may miss out on better profits elsewhere, as rates vary widely across institutions, both brick-and-mortar and online. Like any

You’ll also want to make sure all of your employee information is secure so it can’t be accessed by employees or outsiders. The last thing you want is to allow secure employee information, such as salary amounts, into the hands of employees who then get frustrated with what they see. You must be sure Social

This will ensure the tax return is not processed again as an original. Apply for an ITIN in-person using the services of an IRS-authorized Certifying Acceptance Agent. This will prevent you from having to mail your proof of identity and foreign status documents. It initiates most contacts, including demands for payment, through regular mail from

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

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