Bookkeeping

Content Combine QuickBooks Online with LiveFlow for the best cloud accounting workflow Tracking mileage QuickBooks Self-Employed At A Glance Company Information The Ultimate QuickBooks Self-Employed Review If you want to see what other freelance accounting software options are out there, here are the best accounting options for freelancers. Or, if after reading this review, you[…]

Adam received his master’s in economics from The New School for Social Research and his Ph.D. from the University of Wisconsin-Madison in sociology. He is a CFA charterholder as well as holding FINRA Series 7, 55 & 63 licenses. He currently researches and teaches economic sociology and the social studies of finance at the Hebrew[…]

It offers a full range of services, including estate planning, tax planning and preparation, cash flow management, business valuation, and new business formation. The company also deals with IRS audit representation, bank financing, QuickBooks setup and training, payroll services, and non-filed tax return. Owner Phyllis Burdette has been in the tax and accounting industry since[…]

One of these applications is Dynamics 365 Business Central, which helps small and mid-size companies house all their business operations, including finance, manufacturing, sales, shipping, and more. Accounting software is crucial in helping organizations run their day-to-day business processes. It allows business leaders to keep their finger on the pulse of their company’s financial health.[…]

The IRS charges a fee for the installment agreement unless you think you can pay your balance off within 180 days (six months). This is considered a short-term payment plan and is fee-free, but you may still have to pay interest and applicable penalties until your balance is paid in full. The IRS wants your[…]

The personal account is limited mainly to selling things you no longer need. Once you have an official LLC, apply for an Employer Identification Number (EIN). You can get your EIN for free by submitting your application to the IRS website. You need an EIN to open a business bank account and when hiring employees.[…]

The information contained on this Web Site is provided for informational purposes only. Although the information is believed to correct at the time of publishing, you should make your own determination as to its suitability for your use. Ledgers allow the company to quickly view all transactions in an account at once. Fortunately, keeping a[…]

The cost of these assets is allocated as an expense over the years they are used. This gradual conversion of an asset into an expense is known as depreciation. Learn how to optimize existing processes, collaborate efficiently, and provide more value to your organization. Finally, accountants will determine the residual value or salvage value of[…]

For example, a retailer may buy computers with the intention of selling them to consumers. In order to earn a profit on these sales, he marks the computers up to a price that is higher than what he paid for them. Since a product’s markup is higher than its margin, mistaking the two can be[…]

Overtime is calculated differently for hourly and salaried employees. Most salaried employees are exempt from overtime, but your business may be required to pay overtime to some lower-paid exempt employees. In payroll processing, withholding involves deducting money from an employee’s salary to fulfill government requirements. The amount of a paycheck is the employee’s net pay,[…]