Anfisa is a talented accountant.
In this blog she talks about accounting services, payroll, investment consulting, tax training and much more.
AnfisaWDmitrieva@www.business-accounting.net
Phone: 303-647-3438
Your tax expense should be roughly the same as the last time you had this amount of net income unless something material like the tax law has changed. Earnings before taxes is the money retained by the firm before deducting the money to be paid for taxes. To calculate EBIT, expenses (e.g. the cost of goods sold, selling and administrative expenses) are subtracted from revenues.
Shows a company’s profit with the cost of goods sold , interest, depreciation, general administrative expenses, […]
Like perfectly elastic demand, the concept of perfectly inelastic is also a theoretical concept and doesn’t find a practical application. However, the demand for necessity goods can be the closest example of perfectly inelastic demand. In a perfectly competitive market, it is assumed a firm would have a perfectly elastic demand. This is because if they increased the price, the consumers with perfect information would switch to other firms who offer the identical product. Elasticity of dem […]
Again, these guidelines vary widely by industry and company size, and can be impacted by a variety of other factors. Net margin is $100k of net income divided by $700k of revenue, which equals 14.3%. Buying on margin is the purchase of an asset by paying the margin and borrowing the balance from a bank or broker.
In other words, gross margin is the retailer’s or manufacturer’s profit before subtracting its selling, general (more…) […]
A computerized accounting system can take the headache out of keeping track of exchange rates and dealing in multiple currencies. Accounting is sometimes called the language of business, and businesses all around the world speak it. The skills you would learn in a software-based accounting course are useful all around the world. Most of the major software programs make using the program simple. The math is accurate and reliable, so a business owner (more…) […]
Another thing to consider is that costs vary greatly depending on the geographical region. Construction projects in the Northeast tend to require heftier budgets than those in the South. While it’s unavoidable if you plan to stay in the same region, it’s something to think about as you start branching out to build in other markets throughout the country. Because hard costs are more tangible than soft ones, budgeting for brick and mortar costs is usually easier.These could include ma […]
Exhibit 2 shows the price components for a typical sale by a manufacturer of linoleum flooring to a retailer. The starting point is the dealer list price from which an order-size discount and a “competitive discount” are subtracted to get to invoice price. For companies that monitor price performance, invoice price is the measure most commonly used. Companies use cost-volume-profit analysis (also called break-even analysis) to determine what affects changes in their selling prices, […]
How you calculate gross income will vary depending on whether you receive a salary or hourly wage. Net pay is the amount of money an employer issues to any employee or non-employee contractor after any deductions and withholdings have been taken out. In other words, net pay is the sum of gross pay or wages minus deductions. On the recipient’s side, net pay is also known as net income or “take-home” pay, because it is the amount they receive to spend at their discretion. You ca […]
This includes income from receipts or services, returns or allowances, and tax credits and refunds. You will next need to list your business expenses. These are deductible expenses that will be leveraged against your taxable income to lower your tax bill. Your net income is what you are left with, and what you will report on your 1040. These payments are not considered a salary or wages for tax purposes because the vendor doesn’t deduct taxes. That means no federal income taxes, Social Se […]
If paper records are accidentally created containing payment card data, that data will be destroyed with either a cross cut shredder or a confetti shredder. Since 1947, Smolin Lupin has dedicated itself to developing long-lasting client relationships. We provide professional financial and accounting services uniquely designed to meet the needs of each and every client. Based on this information, external auditors can also speculate whether the company’s financial information is reliable.W […]
