Bookkeeping

Content Being an Independent Contractor Versus Employee What defines an independent contractor? How do independent contractors and employees differ? Legal Hiring an Independent Contractor: Pros & Cons CA Do Not Sell or Share My Personal Information Payroll, compensation, pension & benefits The ruling established that companies must use a three-pronged test to determine how to…

Understanding the value of your current assets is critical for planning your business’s short-term future. Usually, fixed assets are owned to support the operations of the company. So, when an asset is owned to support a firm in its operations, it is a fixed asset. So, if a holding is only for selling purposes, it…

Content What is an Operating Cycle? Evaluating Working Capital Effectiveness Days Payable Outstanding (DPO) Operating Cycle vs. Cash Cycle Net operating cycle What can be done to make a company’s operating cycle more efficient? For example, the net accounts receivable turnover is used to determine how often customers must pay for their product before they…

Examples include wages earned by workers and bills from suppliers to mortgages and long-term loans. It’s safe to say that neither insolvency nor negative equity is something that business owners really want for their company. Because while negative equity may be a sign of trouble ahead, insolvency means trouble has arrived – and bankruptcy may…

Content Paying off holiday credit card debt Get an American Express® Personal Loan in three simple steps: What if my debt has already gone to a debt collector? Navy Federal Investment Services Business Checking Where do I report a debt relief scam? Coverdell Education Savings Account (ESA) Judy, who is unmarried, is taking courses at…

Let’s imagine a Delaware-incorporated company reported total gross assets of $1,000,000 on their federal taxes this year. Delaware Franchise Tax is based on a Corporation’s total Authorized Shares. Filing an annual report and paying franchise tax is also required to maintain a company’s good standing in Delaware. Not filing and paying means your company cannot…

The primary difference in benefits is for graduate borrowers who have to wait 25 years for loan forgiveness on SAVE versus 20 years on PAYE. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and…

Right giving existing stockholders the opportunity to purchase shares of a new ISSUE before it is offered to others. The POB is an independent oversight board, composed of public members, which monitors and evaluates peer reviews conducted by the SEC Practice Section (SECPS) of the AICPA’s Division for CPA Firms as well as other activities of the SECPS. A small amount of CASH that…