IRS publication 946 provides the tax depreciation method for each type of asset that your business owns. The double-declining balance method posts more depreciation expenses in the early years of an asset’s useful life. The double-declining balance method is an accelerated depreciation method because expenses post more in their early years and less in their later years. This method computes the depreciation as a percentage and then depreciates the asset at twice the percentage rate. Busin […]
What Is The Difference Between Net Income & Net Profit After Tax?
Posted on Posted on: 09.10.2023Categories Income StatementOperating income looks at profit after deducting operating expenses such as wages, depreciation, and cost of goods sold. Net Profit after Taxmeans Revenue plus all other income, minus all costs , including applicable taxes, excluding currency adjustments for each period . In addition to analyzing the underlying efficiency of a company and comparing it to peers, analysts also use it to calculate EVA or FCFF . Without going into the details of what these terms mean, it would suffice to understand […]
How to Find the Best Tax Preparer Near You
Posted on Posted on: 09.10.2023Categories Bookkeeping 101Look at your potential CPA or tax preparer’s website and social media accounts to see what sorts of things they post. Read online reviews on Yelp, Google, Angie’s List, Thervo, and Facebook. Google their name to see what comes up—and scroll through the first few pages of search results to make sure nothing is buried. … Continue reading “How to Find the Best Tax Preparer Near You”
Market Equilibrium, Economic Lowdown Podcasts
Posted on Posted on: 09.10.2023Categories Business Accounting BlogFor example, a dearth of any one good would create a higher price generally, which would reduce demand, leading to an increase in supply provided the right incentive. The same would occur in reverse order provided there was excess in any one market. Alterations to overall supply or demand dictate the cross-section or equilibrium, ascertaining price and volume for a product or service. The concepts of consolidated markets and ‘sticky’ markets reduces the accuracy of these models. Hav […]
What Is Interest Expense And How Is It Calculated?
Posted on Posted on: 09.10.2023Categories Income StatementIn the income statement, it is recorded separately from operation if the income statement uses a multiple-step income statement. Operating income looks at profit after deducting operating expenses such as wages, depreciation, and cost of goods sold. As a result, capital-intensive industries have high-interest expenses due to a large amount of debt on their balance sheets. However, the debt, if managed properly, is necessary for the long-term growth of companies in the industry. EBIT is also kno […]
Markdown Vs Markup
Posted on Posted on: 09.10.2023Categories Business Accounting BlogShe holds a Bachelor of Science in Finance degree from Bridgewater State University and has worked on print content for business owners, national brands, and major publications. RFC 7763 introduced MIME type text/markdown with the original variant. If you want to implement Mediawiki’s markup you probably need to look round for better ones .
You can place this second part of the link anywhere in your Markdown document. (more…) […]
How To Use Financial Reports To Calculate The Number Of Days In Accounts Payable
Posted on Posted on: 09.10.2023Categories Business Accounting BlogA company with a low DPO could indicate that it has poor credit terms with suppliers and is unable to attain more attractive terms. It could also indicate improper cash management by the firm as they are not taking advantage of the credit being offered. Not all is bad with a low days payable, it could also indicate that the company has struck favorable short-term payment terms with a supplier in exchange for attractive discounts that are in line with their business model. Therefore, days payabl […]
How to Void a Check: 8 Steps with Pictures
Posted on Posted on: 09.10.2023Categories Bookkeeping 101This will help you remember that the check was voided and you’re not waiting for it to clear your account. If that check number is posted to your account, contact your bank right away. Finally, if you use duplicate checks, make sure your VOID marks are voided check seen on the duplicate, too. A void … Continue reading “How to Void a Check: 8 Steps with Pictures”
Insurance Expense Definition
Posted on Posted on: 09.10.2023Categories Income StatementIn this case, the company’s balance sheet may show corresponding charges recorded as expenses. Limit in the Claim – All the insurance policies will have a fixed sum insured. As a result, if the coverage is of 1 million, and even if an individual incurs the loss of $ 2 million, the insured person will get reimbursement of $ 1 million only. This sum insured (more…) […]
Technical Analysis For Dummies, 3rd Edition By Barbara Rockefeller
Posted on Posted on: 09.10.2023Categories Business Accounting BlogThe 10-year US Treasury Note is a debt obligation that is issued by the US Treasury Department and comes with a maturity of 10 years. A dividend is a share of profits and retained earnings that a company pays out to its shareholders. When a company generates a profit and accumulates retained earnings, those earnings can be either reinvested in the business or paid out to shareholders as a dividend. The Securities Industry Essentials Exam is a new test administered by FINRA beginning in October […]