To summarize, Liquids Inc. has a comfortable liquidity position, but it has a dangerously high degree of leverage. As the quick ratio falls between the current ratio and the cash ratio, the “ideal” result also falls between those two rati... Read more
A check is a written, dated, and signed instrument that contains an unconditional order directing a bank to pay a definite sum of money to a payee. Digital records are not subject to wear and tear as are physical receipts, but. Read more
For example, if your state mandates a wage base of $11,000, it means you are responsible for paying SUI taxes up to that $11,000; any wages an employee earns after that is exempt from SUI taxes. Also similar to FUTA, most. Read more
He is an expert on personal finance, corporate finance and real estate and has assisted thousands of clients in meeting their financial goals over his career. The Principle of Continuity states that asset valuations are based on the assumption the bu... Read more
Please consult your tax or legal advisor before making a tax-related investment/insurance decision. You can claim a Recovery Rebate Credit when you file your 2020 taxes if you did not receive your full authorized $1,200 Economic Impact Payment in 202... Read more
It looks at a company’s fixed and variable costs and how they affect a business and how these costs can be better managed, according to Accounting Tools. This means that whether an accountant is writing an invoice for your business, testifying. Read more
From invoicing history to client contact information, it’s all there. Template, add your images and charges, save and send to your clients for quick, painless billing each month. Professional businesses deserve professional invoicing solutions.... Read more
Employees must have their part of the I-9 form filled out by the first day of work, and you – the employer – only have until the third day. The proper completion and storage of these documents is vital, as I-9s. Read more
To calculate your business’s net income, subtract your Expenses and Losses from your Revenues and Gains. If the net income is a positive number, then your business is reporting a profit for that reporting period. If the net income is a. Read more
Among the most important trends in the accounting field are the increasingly high standards surrounding transparency in accounting and a greater focus on data security. 86 percent of their time on tasks that have the potential to be automated. Discov... Read more
