maria's latest activity

Luxury tax is a tax levied on luxury goods and services. A GST of 28% is also levied on such luxury items. The luxury tax rate varies...

An acquisition is a transaction in which one company purchases most or all of another company's shares to gain control of that company.

Generation-skipping transfer tax refers to a federal tax on either a gift or an inheritance that avoids the ability of a donor to not...

The current ratio is a liquidity ratio that measures whether a firm has enough resources to meet its short-term obligations. It is the...

can someone explain me in simple words meaning of accounting

Quicken remains a popular, long-standing choice for personal finance, offering robust budgeting, expense tracking, and investment...

Financial statements are formal reports summarizing a company's financial performance and position over a specific period. They provide...

Working capital, also known as net working capital, represents the funds a company needs to cover its short-term operational expenses...

Payroll deduction refers to the process where an employer withholds specific amounts from an employee's gross pay (total earnings before...

For personal use, Mint, Personal Capital, and YNAB (You Need a Budget) are often recommended for budgeting and tracking expenses. For...

Semi-monthly Payroll implies that salaries are given out twice monthly, and the employees receive their salaries on daily recurring...

Payroll companies concentrate on some of the major priorities to make the payroll processing a smooth one. They prioritise mostly...

An employer can provide a salaried employee with a certificate called Form 16 that details the tax deducted at source (TDS) from their...

he opposite of liabilities on a balance sheet is assets. Assets = Liabilities + Equity Assets are what the company owns (e.g., cash...

Tax Day in the United States typically falls on April 15 each year. However, if April 15 is a weekend or a holiday, the deadline is...