by Nathan Collins | Oct 18, 2024 | Bookkeeping
This means that the Red Cross may only use those donations for purposes specifically outlined by the donor. Finally, information is provided about the organization’s overall financial position at the beginning of the year and at the end of the year. Here’s an...
by Nathan Collins | Sep 20, 2024 | Bookkeeping
After almost a decade of experience in public accounting, he created MyAccountingCourse.com to help people learn accounting & finance, pass the CPA exam, and start their career. Jarrard, Nowell & Russell, LLC is a licensed independent CPA firm that provides...
by Nathan Collins | Jul 10, 2024 | Bookkeeping
The more taxable income you have, the higher tax rate you are subject to. This calculation process can be complex, so PaycheckCity’s free calculators can do it for you! To learn how to manually calculate federal income tax, use these step-by-step instructions and...
by Nathan Collins | Jun 26, 2024 | Bookkeeping
Interest coverage ratio is calculated by dividing (earnings before interest and taxes) by (total outstanding interest expenses). The note payable is $56,349, which is equal to the present value of the $75,000 due on December 31, 2019. The present value can be...
by Nathan Collins | May 22, 2024 | Bookkeeping
Essentially the customer will receive money back however, the money will only materialize after the goods or services are paid for in full. Ultimately, whether to use a rebate or a discount depends on the specific business situation and objectives. Business owners...
by Nathan Collins | Mar 25, 2024 | Bookkeeping
The filing requirement applies even if the corporation does not claim a deduction for the current tax year. There are penalties for failure to file these forms on time and for overstating the pension plan deduction. Attach Certified Bookkeeper a declaration to the...
