Category: Bookkeeping

Also, depreciation is the systematic allocation of the cost of noncurrent, nonmonetary, tangible assets (except for land) over their estimated useful life. In accounting, fixed assets’ value declines every year due to wear and tear caused by constant usage. This happens throughout the useful life of an asset.Companies depreciate to account for the cost of…

Most are the type that any small business owner could customize, generate, and understand. You can save it as a draft or a final version and either print it or email it. If you do the latter and have established a relationship with a payment processor, then your invoice can contain a stub explaining how…

The number of outstanding shares influences market capitalization, a critical metric for valuing companies. Investors use outstanding shares to gauge a company’s size and compare it with peers. A significant change in outstanding shares, such as through a stock buyback or issuance, can signal strategic shifts and impact investor sentiment. When you look a little…

If you earn income as a freelancer or receive certain types of nonwage income, though, you may need to pay what the IRS calls “estimated quarterly taxes.” The IRS has set four due dates for paying estimated taxes. Typically, the due date is the 15th for each estimated tax of the months in which payments…

An example of what a personnel forecast could look like, for instance for personnel working on sales and marketing, can be found below. Cost of goods sold (COGS) are those costs that undoubtedly need to be made in order for a company to deliver a service or produce a good. Without these costs, the product…

The report itself is designed to provide you or your tax professional with all the necessary information to complete all 1099 filings. And since tax time stress isn’t limited to tax season, year-round tax advisory services comes standard. Our licensed tax professionals are on hand for all your tax planning needs. With check-ins throughout the…