Assume further that the credit card company charged a processing of 2% for a total of $2 charged for the whole transaction. The employer must pay the worker the tip at the next regularly scheduled payday and can ONLY deduct $0.40 (which is 2% of the $20 tip). Regrettably, this Ler mais…
According to court documents and statements made in court, Smith served as a CPA and founding partner of an Atlanta-based accounting firm. For his part, beginning at least in 2015 and through at least 2019, Tomasello also promoted and sold units in the Jack Fisher syndicated conservation easement tax shelters Ler mais…
BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties https://personal-accounting.org/bookstime-accounting/ who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. BBB Business Profiles are provided solely to assist you in exercising your own Ler mais…
Therefore, cash dividends reduce both the Retained Earnings and Cash account balances. We can illustrate each account type and its corresponding debit and credit effects in the form of an expanded accounting equation. When a cash dividend is paid, the stock price generally drops by the amount of the dividend. For Ler mais…
The primary difference between cash and accrual accounting comes down to timing. Evaluating financial processes can be a hassle at best, especially if you’re unsure where to start. However, breaking out of that mindset is crucial if you want your business to achieve its full potential. Your financial statements will Ler mais…
As provided in section 162, an activity qualifies as a trade or business if your primary purpose for engaging in the activity is for income or profit and you’re involved in the activity with continuity and regularity. An ESBT must compute the QBI deduction separately for the S and non-S Ler mais…
Our partners cannot pay us to guarantee favorable reviews of their products or services. See how your withholding affects your refund, take-home pay or tax due. Submit a new W-4 to your employer within 10 days if the event lowers the number of allowances you can claim or if you Ler mais…
Knowing how often you need to replenish inventory, you can plan orders or manufacturing lead times accordingly. Possible reasons could be that you have a product that people don’t want. Or, you can simply buy too much stock that is well beyond the demand for the product. A decline in Ler mais…
Value-added tax returns are filed monthly or quarterly by the 15th day of the following month. The income tax is progressive, the percentage increases with amount of income in Euros. Check out our in-depth guide for the nine major payroll forms every employer needs. That’s why if you go from Ler mais…
The customer may be paying in advance in order to reserve the seller’s production capacity, or to at least keep it from being used by a competitor. This is most common when there a constrained amount of capacity in the industry. Most small-business owners don’t do a good job with maximizing Ler mais…