Workers’ Compensation Basics

 Posted on Posted on: 20.10.2023Categories Business Accounting Blog

If for any reason you are unhappy with your workers compensation package, your power to sue is limited — remember the compensation bargain. However, you can still appeal to the state workers compensation board, and an attorney can help you in this process. They would need to have their own workers comp if they’re an LLC.
Visit our attorney directory to find a lawyer near you who can help. Supplemental reports of any status change in employee’s condition. (more…) […]

What Is Net Income And How Does It Affect Your Bottom Line

 Posted on Posted on: 20.10.2023Categories Income Statement

It’s then reduced by discounts, price adjustments, returns, and any other deductions to determine net income or net earnings. Save money without sacrificing features you need for your business. Net revenue is the total amount of the money you made from sales minus your direct expenses. This figure is calculated by dividing net profit by revenue or turnover, and it represents profitability, as a percentage. Net income is the profit that a business makes after deducting expenses and other a […]

California Tax Calculator 2022-2023: Estimate Your Taxes

 Posted on Posted on: 20.10.2023Categories Bookkeeping 101

Some states have a flat tax rate, marginal tax rate, or don’t have any state taxes at all. General sales tax spending decisions are made after the tax election by local politicians as part of the regular annual local government budget process. Some local governments may engage in general sales tax abuses in an effort … Continue reading “California Tax Calculator 2022-2023: Estimate Your Taxes”

What Is The Debt

 Posted on Posted on: 20.10.2023Categories Business Accounting Blog

Examples of unsecured debt include high-interest credit card debt, medical bills, and payday loans. Accredited Debt Relief is one of the best debt relief companies based on their proven track record, outstanding reputation, and personalized debt relief programs. This debt relief company has over 140,000 active clients and has had more than $3.5 billion in debt enrolled since 2011.

For example, preferred stock is sometimes considered equity, but the preferred dividend, par value, and liquidatio […]

What Is The Difference In Meaning Between cost And price?

 Posted on Posted on: 20.10.2023Categories Income Statement

You can also play this same price vs cost evaluation game to see where you could be saving money over the long term. The amount of money you have to put into maintaining the boat throughout the year is incredibly high. Between gas, renting a slip, storing it in the off-season, and maintenance, the total costs can be in the thousands each month. The value is decided by the marketplace on the basis of the benefits received from the combination of features, or specifications, present in a particul […]

When Do Intangible Assets Appear On The Balance Sheet?

 Posted on Posted on: 20.10.2023Categories Business Accounting Blog

Proper valuation and accounting of intangible assets are often problematic, due in large part to how intangible assets are handled. The difficulty assigning value stems from the uncertainty of their future benefits. Also, the useful life of an intangible asset can be either identifiable or non-identifiable. Most intangible assets are long-term assets meaning they have a useful lifeof more than a year. Franchises and licenses are intangible assets that legally entitle a business to sell a produc […]

Vat And Reverse Vat Calculator

 Posted on Posted on: 20.10.2023Categories Business Accounting Blog

Value-added tax in Vietnam is a broadly based consumption tax assessed on the value added to goods and services arising through the process of production, circulation, and consumption. It’s an indirect tax in Vietnam on domestic consumption applied nationwide rather than at different levels such as state, provincial or local taxes. It is a multi-stage tax which is collected at every stage of the production and distribution chain and passed on to the final customer. It is applicable to the […]

Florida Tax Rates & Rankings Florida Taxes

 Posted on Posted on: 20.10.2023Categories Bookkeeping 101

Florida offers several property tax exemptions that can help reduce your tax bill if you qualify for them. Exemptions are also available for older adults over age 65 and for the disabled. Florida collects taxes on many other goods and services residents pay for. Documentary Stamp Taxes are assessed on documents that transfer interest in … Continue reading “Florida Tax Rates & Rankings Florida Taxes”

What Is The Difference Between Net Revenue & Operating Income?

 Posted on Posted on: 20.10.2023Categories Income Statement

One-time restructurings, impairments, and other charges are also typically missing from operating income, as are income tax expenses. Interest cash flows and any impacts, positive or negative, from foreign currency exchange are also accounted for farther down the income statement. From the operating profit figure, debt expenses such as loan interest, taxes, and one-time entries for unusual expenses such as lawsuits or equipment purchases are all subtracted. (more…) […]

Understanding The Cash Flow Statement

 Posted on Posted on: 20.10.2023Categories Business Accounting Blog

As one of the three main financial statements, the CFS complements the balance sheet and the income statement. The cash flow statement is the third of the required financial statements for all public companies. The others being the income statement and balance sheet, and all are mandatory since 1987.
Your company’s financial health depends on your ability to generate future cash flows from operations. The cash basis of accounting, (more…) […]