The total combined rate may not exceed 0.5%, so the statute provides mechanisms for credits and revenue sharing to make sure this limit is not exceeded. Submitting this form will add your email address to our mailing list. The combined tax rate is th... Read more
I was fortunate to get a job offer from a mid-size CPA firm in New England while I was a senior in college, and I spent many years working there as an auditor. Over 40 of the state boards now require applicants for CPA status to complete a special ex... Read more
If you are going to create the payment in the next batch of automatic payments, you enter the prepayment voucher and then follow the regular procedures for processing automatic payments. To make the payment using manual payments, you create the prepa... Read more
Using the same example above, suppose company ABC has a fixed cost of $10,000 per month to rent the machine it uses to produce mugs. If the company does not produce any mugs for the month, it would still need to pay $10,000 for the cost of renting th... Read more
Only "accredited" investors, those with a net worth of at least $1 million, can take part in private equity or venture capital partnerships. Such endeavors might require the use of form 4, depending on their scale. For investors who have don't meet t... Read more
Propensity Company had a noncash investing and financing activity, involving the purchase of land in exchange for a $20,000 note payable . The operating activities on the CFS include any sources and uses of cash from business activities. In other wor... Read more
The main focus of the IRS Fresh Start Tax Program is to reduce the burden of back taxes for citizens and small businesses during temporary financial difficulties. It offers various measures to help you settle your back taxes quickly and easily. As al... Read more
The most simple point about cost analysis application is that it is used when price analysis isn't possible. This is usually because there aren't alternative solutions for comparison or no related proposals were submitted for a job. New types of rese... Read more
However, obtaining services from trusted vendors in a smooth, timely fashion doesn't have to be too good to be true — it is possible, and using purchase orders can help. The PO number is included on the packing slip so the buyer can easily track whic... Read more
Supplies Expense would increase for the $100 of supplies used during January. For the sake of balancing the books, you record that money coming out of revenue.... Read more
