Recent content by maddy

It is a myth bookkeeping is simply the registering of transactions whereas accounting is beyond that, analyzing of numbers, data interpretation, and assisting business to make wiser financial decisions.

Consider the word income basis to refer to the timing and manner in which income is recorded- most commonly cash vs. accrual. The difference between what you see on your tax return is that, on a cash basis you recognize income when paid, whereas on accrual basis you recognize it when earned.

I have tried Gusto and QuickBooks Payroll they are both extremely simple to use, tax wise, and always have their payroll ready on time. Very much recommend either of these to a small biz!

The cost of borrowing money is simply a finance charge- it involves interest and in some cases, late charges, or service fees. It is normally determined by your balance, interest rate and the length of time you are carrying the debt.

Completely understand the confusion - on an average U.S. wage bill, you are contributing 6.2 percent of your earnings in Social Security, and your employer is contributing the same amount, so it all adds to 12.4 percent (to an annual income limit).

Certified payroll is basically a weekly report that shows workers on a project are being paid fairly and according to the law. It’s usually required for government or public projects, and it lists details like who worked, their job role, hours, pay rate, etc and a signed confirmation that the...

Accountants do not simply deal with taxation, they also deal with budgets, financial documentation, reports, and audits in an attempt to ensure that finances of a business are precise and well-run.

Yes, Cash App spam-text settlement is not a fake one, their parent company has not denied to pay out to receive unwanted promo texts. It is only applicable to specific users (those to be found mostly in the state of Washington), therefore it is just a matter of ensuring that the site we visit to...