Blogs

Petty cash involves expending small amounts of cash for small owed amounts where it would not be prudent to write a check. Click to know more about it here.

A per diem is cash provided by a firm to an employee to cover living costs while traveling, such as lodging, meals, and gas. Learn more about Per Diem now.

In order to assess the financial health of the firm, it is crucial to take an inventory of the physical inventory. Here in the Inventory estimates for 2023

Lower of cost or market is designed to take into consideration the possibility of inventory value losses due to price decreases or old goods. Click to read

Employees of a business are compensated in several ways for their labor. Here are the types of Employee Compensation in 2023. Checkout the all types now.

A system of documentation is used to keep track of employee payments and taxes in the payroll records. Here are the top features of payroll records. Read now.

Deductions are necessary whenever employees are paid for their job for a variety of reasons. Understand employee pay deductions and be profitable. Read more.

After depositing check, each bank or credit union has its own rules related to when you can access your money. Here are rules followed in IRS depositing.

Self-employed business owners must pay the self-employed contributions act, taxes, and regular income tax. Understand Self-Employed Taxation now.

Nonprofits include advocacy groups, religious organizations, charities, foundations, and professional organizations. Get a clear picture of nonprofits.

In 501(c)(3), donors who contribute funds to 501(c)(3) organizations are able to deduct their donations from income taxes. Read now to know more.

Check out the new guide to avoid taxes on your charitable donations for the year 2023. Follow the link below and contact us for more details.