This figure reflects the company’s ability to maintain some of its earnings for future growth. The net income helps show what amount the company sets aside […]
Discover some popular workflows that are made possible through their integration. Connect your Etsy account with Wave and you can see and track your incomes made […]
Learn about rates, calculations, credits, and filing requirements to ensure compliance. Previously, the tax rate was raised from 3% to 5% in early 2011 as part […]
If an event is specifically for promotion and advertising, this is a deductible expense in the United States. You can even claim subscription payments for advertising […]
In the labyrinth of today’s business world, where markets evolve at the speed of light,… For these reasons, working capital is often considered the lifeblood of […]
The firm’s founders leverage their experience working with international accounting firms to deliver industry-standard services. Our company has been providing expert accounting, bookkeeping, sales tax, payroll, […]
Additionally, revenue would be understated (too low) by $300 on the income statement if the adjustment was not recorded. In the accrual basis of accounting, revenue […]
This means an effective interest rate of 15% ($1,200,000 interest divided by $8,000,000 cash available for use). Compensating balances must be reported separately from cash balances […]