Bookkeeping 101

The concentration offers students an opportunity to obtain the skills necessary to enter advisory services. Students hired in advisory services work in interdisciplinary areas including mergers and acquisitions, risk consulting, process improvement, data analytics, and digital transformation. This concentration is an alternative to the standard accounting concentration, which many students pursue to prepare for CPA … Continue reading “Accounting advisory: Accounting and Advisory Services < Northeastern University"

Income and expenses are reported on Form 1040 under Schedule C. You are your own boss, you can set your own hours, and you have more freedom than working as an employee where everything is dictated by someone else. That’s why in order to leverage these expenses on a tax return, proper records and receipts … Continue reading “Accountant for independent contractor: Accounting Tips: Managing Your Independent Contractors”

Choose an advisor who “gets” early-stage, Silicon Valley-style businesses. The burn rate is how much money you are spending every month. The cash-out date is the estimated date you’ll be in business until given your monthly spend and the remainder of the investment you have sitting in your bank account. Scaling a startup is hard … Continue reading “Accountant for startups: How To Do Accounting for Your Startup: Steps, Tips, and Tools”

For example, if you hire an in-house accountant, you must also pay employment taxes and offer high-quality employee benefits. A good accountant should be involved in your business regularly, not just at tax time. They can significantly add to your bottom line by setting up and structuring financial plans and operations efficiently. Managing your company’s … Continue reading “Accountant for small business: How an Accountant Can Help a Small Business Owner”

While freelancing has many benefits, all freelancers must deal with the challenge of finding work on a regular basis. Accountants can pursue new clients through their professional contacts, by pitching their services to prospective clients or by letting new clients come to them through responses to ads. The effort to seek new clients will be … Continue reading “Accountant for self employed: Self-Employed Accounting Software”

At Millo, we strive to publish only the best, most trustworthy and reliable content for freelancers. Preston Lee is the founder of Millo where he and his team have been helping freelancers thrive for over a decade. His advice has been featured by Entrepreneur, Inc, Forbes, Adobe, and many more. For freelancers and self-employed people … Continue reading “Accountant for freelancers: Hire Accountants: Help Your Business Grow by Hiring an Accountant”

Part of managing their work also means you can assign a wide variety of tasks to workers. Just think of a typical job description and how many responsibilities are typically listed. This flexibility enables you to focus employees in areas or on projects where they’re needed most. Trying to figure out the difference between independent … Continue reading “1099 vs w2: 1099 vs W2: Benefits for Employers and Professionals”

Here, Steve will credit the interest payable account with the amount of interest due, which, in this case, amounts to $2,000. Account Title Debit Credit Cash $5,000 Notes Payable $5,000 Then, the interest amount of $50 will be recorded as a debit to …

The exact control steps depend on whether a company is using mainframe computers and minicomputers or microcomputers. Because board members have a working knowledge of the functions of the company, they help shield the company from managers who try t…

According to ZipRecruiter.com, the national average salary for an Enrolled Agent as of July 2019 is $57,041. Jobs paying $41,500 or less are in the 25th or less percentile range, while jobs paying more than $64,500 are in the 75th or more percentile …