Itemized deductions are comprised of individual deductions based on potential eligible expenses. It's up to the taxpayer to decide which deduction to claim, so it's important to know which deduction lowers your tax burden most. Unearned income consid... Read more
An error of commission is when the entries are made at the correct amount, and the appropriate side , but one or more entries are made to the wrong account of the correct type. For example, if fuel costs are incorrectly debited to the postage account... Read more
Business Checking Accounts Business checking accounts are an essential tool for managing company funds, but finding the right one can be a little daunting, especially with new options cropping up all the time. CMS A content management system software... Read more
Moreover, the incorrect information on tax forms, shareholder reports and other accounting documents can give a false perception of fraudulent activities. Though seemingly small in scope, transposition errors can result in significant financial conse... Read more
Operating income looks at profit after deducting operating expenses such as wages, depreciation, and cost of goods sold. Administrative expenses are the costs an organization incurs not directly tied to a specific function such as manufacturing, prod... Read more
Some forms cannot be viewed in a web browser and must be opened in Adobe Reader on your desktop system. Based in London, Maria Kielmas worked in earthquake engineering and international petroleum exploration before entering journalism in 1986. She ha... Read more
Robinhood provides free stock, options, ETF and cryptocurrency trades, and its account minimum is $0, too. Mutual funds and bonds aren't offered, and only taxable investment accounts are available. Still, if you're looking to limit costs or trade cry... Read more
Learn more about how you can improve payment processing at your business today. This does not have to be a large amount, it can be 5% or a flat dollar figure, but if it’s a company that will be doing a lot of business with you, chances are they... Read more
This program allows the taxpayer to pay-off their tax debt obligations over time without being at risk for a levy or wage garnishment. Individuals and businesses with outstanding tax balances due can face severe penalties from the Internal Revenue Se... Read more
If investors want to evaluate a company’s short-term leverage and its ability to meet debt obligations that must be paid over a year or less, they can use other ratios. If a company has a negative debt ratio, this would mean that the company ha... Read more
