Maximum Deferral of Self Employment Tax Payments
COVID-19 took the world by storm in 2020. To provide relief during the pandemic, the IRS granted eligible…
HIGH LOW METHOD ACCOUNTING: Definition, Formula & Examples
There are three categories of costs in any business: fixed costs, variable costs, and mixed costs (mix of…
STALE DATED CHECKS: How It can Affect Your Business
If you’re in charge of a company’s bookkeeping, you’re certainly familiar with the frustration of reconciling the bank…
SEC & ACCOUNTING: What It Is & How It Works
Setting accounting standards is one of the various duties of the SEC. Furthermore, the SEC encourages full public…
TAX ASSOCIATE: Duties, Skills, Career Path & 2022 Salaries
Many people find tax regulations to be an impenetrable maze. Tax associates are recruited to assist clients in…
VARIABLE EXPENSE RATIO: Formula and How To Calculate It
The variable expense ratio, also known as the variable cost ratio, is a method of determining how variable…
What Is Operating Profit? Formula, Examples, and calculations
Profitability can be calculated using one of three methods: gross profit, net profit, or operating profit.Operating profit tells…
BILLABLE EXPENSE INCOME: Meaning and Comprehensive Guide
Accountants are one of the most crucial and difficult hats to wear for small business owners. Keeping track…
PRE TAX INCOME: Definition and How To Calculate It
It is critical to understand the difference between your gross pay and actual income in order to organize…
VARIANCE REPORT: Detailed Guide To Variance Reporting
Monitoring actual results against projected results is an important component of financial planning and analysis (FP&A). Variance reporting…