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Federal endorsement of GAAP began with legislation like the Securities Act of 1933 and the Securities Exchange Act of 1934, laws enforced by the U.S. Today, the Financial Accounting Standards Board (FASB), an independent authority, continually monitors and […]
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Both of these errors increase your company’s risk of audit penalties, fines, and fees. Tax rates can vary within a county, a city, or even a ZIP code. Using a street address helps to ensure more accurate rates […]
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When filing federal income tax, taxpayers need to choose to either take the standard deduction or itemize deductions. This decision will be different for everyone, but most Americans choose the standard deduction. Sales tax can be deducted from […]
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The most popular type of sales tax is the retail sales tax which is present on state-level in the United States. Under such a taxation framework, consumers pay the price of the item plus the amount of the […]
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Content BooksTime Inc. Talk To A Bookkeeping Expert Additional business information Other businesses you might consider BooksTime Every Penny Accounts Bookkeeping Services America’s Best Tax Service BooksTime uses the latest technology to streamline many common bookkeeping tasks. As […]
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All applicants must be at least 18 years of age, proficient in English, and committed to learning and engaging with fellow participants throughout the program. The applications vary slightly from program to program, but all ask for some […]
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Small businesses that offer paid time off (PTO) must manage vacation accruals accurately—keeping track of how much PTO each employee has earned and when it was used—to avoid labor law violations. A vacation accrual policy are the guidelines that […]
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If sales drop, then you may risk not selling enough to meet your breakeven point. In the example of XYZ Corporation, you might not sell the 50,000 units necessary to break even. • A company’s breakeven point is the […]
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Deciding between DIY accounting and hiring a pro is a defining moment for your startup. If you’re going solo, embrace the challenge with the right tools and a willingness to learn. Remember, though, that an accountant can be […]
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Free mobile app that helps the 50 million microbusinesses in Latin America become more efficient. The app allows owners to record transactions, track credits and debits, see business statistics, gain control over their inventory, among many other things. […]