Bookkeeping

An employer can file Form SS-8 to receive a determination letter from the IRS on the status of a worker. Getting a determination voluntarily can help the employer avoid fines and penalties for misclassification of a worker. Salespeople fall into the same categories of employees independent contractor vs employee vs. independent contractors. These situations are …

U S. Department of Labor Announces Final Rule to Clarify Independent Contractor Status Under the Fair Labor Standards Act U.S. Department of Labor Read More »

Licenses and regulatory fees for your trade or business paid annually to state or local governments generally are deductible. You can deduct credit card late fees, annual fees, and any other fees charged by your business credit card. Learn more about these expenses and how to report them on Schedule C if that applies to …

Deducting Miscellaneous Business Expenses Read More »

Pre-encumbrances, created and relieved using the Pre-encumbrance e-doc, allow departments to further commit funds to facilitate financial management. For Purchase Order and Travel Authorization encumbrances, when the vendor or employee is https://www.bookstime.com/ paid, part or all of the encumbrance is released in accordance with that payment. The department will see a transaction that will appear …

Enable Encumbrance Accounting Read More »

With careful planning and implementation, companies can benefit from increased efficiency and cost savings while maintaining high standards for accuracy and accountability. Offshore accounting services can include everything from basic bookkeeping to management accounts, tax accounting and even CFO advisory. Accounting and tax rules can vary by country, so it is important that the accounting …

Finance & Accounting Outsourcing Company in USA Offshore Accounting Company Read More »

See Part VI—Energy Credit Under Section 48 in the Instructions for Form 3468. If this credit includes the small agri-biodiesel producer credit, the https://www.bookstime.com/articles/gusto partnership will provide additional information on an attached statement. If no statement is attached, report this amount on Form 8864, line 10. Use the Worksheet for Adjusting the Basis of a …

Shareholder’s Instructions for Schedule K-1 Form 1120-S 2023 Internal Revenue Service Read More »

The stockholders’ equity section of the balance sheet will list the types and amounts of the capital stock. The common stock balance is calculated as the nominal or par value of the common stock multiplied by the number of common stock shares outstanding. The nominal value of a company’s stock is an arbitrary value assigned …

What is capital stock? Read More »

Thus, the effect of recording a treasury stock transaction is to reduce the total amount of equity recorded in a company’s balance sheet. When a company initially issues stock, the equity section of the balance sheet is increased through a credit to the common stock and the additional paid-in capital (APIC) accounts. The common stock …

Where is treasury stock reported on the balance sheet? Read More »

For example, capital-intensive companies such as utilities and manufacturers tend to have higher D/E ratios than other companies. It shows the proportion to which a company is able to finance its operations via debt rather than its own resources. It is also a long-term risk assessment of the capital structure of a company and provides …

What Is Considered a High Debt-To-Equity D E Ratio? Read More »

Let’s start with a discovery call to discuss the vital needs of your business. From there we will complete a Diagnostic Review of your current set of books, perform the necessary steps to clean up any previous issues and work together to onboard the services that best suit your construction business. For one, payroll for construction is …

Contractor Bookkeeping Services For Maine Read More »

It assumes that the volatility of the underlying stock is constant over time, which may not always be the case. The Binomial Model accounts for volatility, but it can be time-consuming to calculate. The Monte Carlo Simulation accounts for various factors, but it can be complex to implement. Second, once your company has its initial …

How to Excel at Options Valuation Read More »