If it is 60 days overdue, you might charge them a $100 late fee. After 90 days, you might charge them a late fee of $150 and send the information to a collection agency, a company that will contact the client. Read more
Price varies based on complexity. Starting price for state returns will vary by state filed and complexity. H&R Block provides tax advice only through Peace of Mind® Extended Service Plan, Audit Assistance and Audit Representation. Consult your own a... Read more
You can also check your state's guidelines to verify they follow the legal minimum. While most employers offer an overtime rate of time and a half, others offer double time or other pay. Your employer may have to follow certain additional. Read more
Unearned revenue is usually disclosed as a current liability on a company’s balance sheet. This changes if advance payments are made for services or goods due to be provided 12 months or more after the payment date.... Read more
The Tax Cuts and Jobs Act , which went into effect in 2018, included a number of changes to tax deductions for the self-employed. Once you determine that you'reeligible for the deduction, you must evaluate whether your home office fulfills the. Read more
Failure to provide rental receipts when it is required by law can result in the filing of complaints by the tenants to local authorities, and fines being assessed against you. Also note that, if you provided a rent receipt for a. Read more
Since the majority of tax mistakes are mathematical, it’s difficult to prove intention in many cases. The IRS defines tax fraud as intentional wrongdoing, on the part of the taxpayer, with the specific purpose of evading a tax known to be. Read more
As such, it offers the most accurate insight into a company’s profitability. But even Walmart sells some products with a relatively high-profit margin.Are there some clients who are always taking up too much of your time, demanding a discount, ... Read more
When you’re self-employed, it’s incredibly important to keep your finances organized. That’s where easy-to-use accounting software comes in. The modified adjusted gross income you report on your tax return is used to determine if yo... Read more
Sometimes, leasing assets may be cheaper than buying them outright – calculating the total assets you're carrying can help you to figure out your tolerance for buying versus leasing. The meaning of total assets is all the assets, or items of. Read more
