If you’re self-employed, however, you’ll need to pay the full 15.3% of FICA taxes due on your salary. FUTA taxes are paid entirely by the employer; there is no employee payment. These taxes are listed on an employee’s pay stub, with the first two shown as FICA (Federal Insurance Contributions Act). This list is not […]
In 2015 and again in 2016, management revised distribution expectations, warning of transitional years ahead. And in 2019, management warned debt reduction would need to be the priority over distribution growth. It was horrible for unitholders that the distribution was cut by 45% in 2017 and another 50% in 2020, but management didn’t mislead investors […]
Leena is a Certified Master NLP Practitioner & Life Coach, Certified Emotional Intelligence Professional, and a Certified Psychometric Assessment Professional. As a mentor and advisor, Chetan has been involved with Knowcraft since its inception. He has a strong passion for coaching and mentoring and serves on the boards of several start-up companies worldwide. It’s Time […]
Task workflows were self-explanatory and required minimal effort on my part. It kept signing me out and requiring me to sign back in in the middle of tasks. This was a minimal disturbance but still a disturbance that cost me time is equipment a current asset no its a noncurrent asset and effort to handle. […]
Shoeboxed is an expense & receipt tracking app that helps you get reimbursed quickly, maximize tax deductions, and reduce the hassle of doing accounting. It’s even more likely that you’ll need to pay someone for help with sophisticated accounting tasks. Bookkeeping and accounting are intricately connected, but they’re not interchangeable. If you’re considering hiring someone […]
These costs include indirect labor, indirect materials, utilities, maintenance, repairs, insurance, taxes, and depreciation. These expenses impact your income statement and balance sheet, so you must calculate manufacturing overhead when determining your total manufacturing cost. To determine the total manufacturing cost for the production of your finished product, add the direct materials cost with the […]
Content Special Journals: Purchases and Cash Payments, Page 5 Components of Purchase Journal Entry References Cash Receipts Journal Share This Book Purchase Journal Entry Questions Credit Purchase Journal Entry It will always have a debit to Merchandise Inventory if you are using the perpetual inventory method and a credit to Accounts Payable, or a debit […]
Contents: Bookkeeping For Startups Does my startup need an accountant? Join over 140,000 fellow entrepreneurs who receive expert advice for their small business finances Professional associations also offer certifications so that you can hone your skills and market yourself as a professional bookkeeper. For instance, both the American Institute of Professional Bookkeepers and the National […]
Instead, the cost is placed as an asset onto the balance sheet and that value is steadily reduced over the useful life of the asset. This happens because of the matching principle from GAAP, which says expenses are recorded in the same accounting period as the revenue that is earned as a result of those […]
Once you have a detailed and a better overview of the company’s accounts, it is much easier to plan for the future. High calibre, dynamic resources for secretarial duties, to meet statutory requirements, compliance and services of a transactional nature. My retail-clients, and I, are both delighted with the service given by Cain bookkeeping services manchester […]
