Bookkeeping

Last but not least, add the employee’s regular wages and overtime pay together to find the employee’s total wages. You owe the employee $570 in total gross wages ($480 + $90). If you have nonexempt employees, you have to pay them overtime, or time and a half, for any hours worked over 40 during the […]

If an investor waited five years for $1,000, there would be an opportunity cost or the investor would lose out on the rate of return for the five years. To learn more about or do calculations on future value instead, feel free to pop on over to our Future Value Calculator. For a brief, educational

Bookkeeping involves keeping track of your finances on a spreadsheet. At minimum, you need to track amounts, dates, vendors, and clients. The first, and easiest, thing to do for your business’ financial well-being is separate your finances. How do I qualify for an SBA loan? Business loans can be an asset to business, but it’s

After all, many business owners are confused by IRS regulations and want help tracking their business finances. In fact, Glassdoor reports that experienced freelance bookkeepers can make up to $65,000 a year. Keep in mind, though, bookkeepers differ from http://aceweb.ru/index.php?directory=a/010&page=9 accountants as they cannot file taxes or perform audits like certified public accountants. While they can

Indiana has a low flat tax rate for taxable income, and that’s a good thing since the state only exempts Social Security. However, there are no estate or inheritance taxes in Indiana. California is ranked by Kiplinger as one of the worst states to retire when it comes to taxes. Some retirees might pay an

When one company transacts with another on credit, one will record an entry to accounts payable on their books while the other records an entry to accounts receivable. Although some people use the phrases “accounts payable” and “trade payables” interchangeably, the phrases refer to similar but slightly different situations. Trade payables constitute the money a