Recent content by erwinsmith

Has anyone here tried to refinance car loan? I’m wondering if it actually lowers monthly payments or interest rates. I’m also unsure about timing—does refinancing make sense early in the loan or later? Any pros, cons, or real experiences would be helpful.

A company's gross profit is what remains after subtracting the cost of goods sold (COGS). It is a measure of basic profitability before accounting for operational costs, taxes, and other overheads, as well as an indicator of how well a business produces or purchases goods.

New York City's Sales Tax For the majority of products and services, the sales tax, which is a combination of New York State, City, and Metropolitan Commuter Transportation District taxes, is 8.875%. However, shoes and dresses under $110 are typically free.

To compute sales tax, multiply the item's price by the sales tax rate (decimal). Then, add the tax amount to the original price to calculate the final cost.

The Big 4 audit firms are Deloitte, PricewaterhouseCoopers (PwC), Ernst & Young (EY), and KPMG. They are powerful; they audit the majority of the world's largest firms, set worldwide accounting standards, and provide vast consulting, tax, and advice services that influence global business and...

A set of security rules known as PCI compliance, or Payment Card Industry Data Security Standard (PCI DSS) compliance, is intended to ensure that any organization that receives, handles, saves, or transmits credit card data does so in a secure environment. It is a set of rules developed by major...

Accounting and economics are distinct yet complimentary subjects in that accounting works with reporting the particular financial position of specific businesses, whereas economics uses such data to determine the social benefit of this or that resource, or to make decisions at both the micro and...

To complete sales tax, you must first register your firm with the tax authority in your state or country. Sales tax was collected from customers during the sale, based on location rates. Record keepers must keep accurate records, file sales tax returns on schedule, and pay any taxes owed to the...

Terminal value is a financial concept used in business valuation and discounted cash flow (DCF) analysis. It represents the estimated value of a business or project at the end of a forecast period, capturing all future cash flows beyond that period.

A multi-step income statement is an income statement that separates a company’s revenues and expenses into multiple sections to show gross profit, operating income, and net income clearly. Key features: Sales Revenue – Total sales from goods or services. Cost of Goods Sold (COGS) – Direct costs...

Accrual accounting is an accounting approach in which revenues and expenses are recognized as the revenues or expenses are earned or incurred but not necessarily when the cash is received and paid. For example: The revenue is reflected on the books of accounts when a service has been given and...

Hey everyone, does anyone know if Google has its own accounting software? I’ve been trying to find something from them for managing finances or bookkeeping, but I’m not sure if it exists. Any insights or alternatives would be helpful!

I was wondering if anyone here knows — is Crypto.com customer service 24 hours? I’m trying to reach them about an issue and not sure if they’re available around the clock.

did someone recently get hacked on the crypto ledger? I heard some talk about it but not sure if it’s true. Anyone got details or updates?

I’m a bit confused about real estate taxes and property taxes. Are they the same thing, or is there a difference between them? How do they apply to homeowners, and what should I be aware of when paying these taxes?