Rachel Grusin, Project Coordinator for the Legal Aid Society of San Diego, further explains that nonprofits can’t expect to slide in a line item without a clear explanation for why it belongs. He’s quick to remind his clients that a realistic budget is a winning budget. It shows that your «and organization has thoroughly considered … Leer más
Seamlessly combining the familiarity of an Excel-like interface with pre-configured bi-directional data integrations, LiveCube establishes a new standard in flexibility and user-friendly automation. The gain on disposal is calculated as proceeds from the sale ($10,000) minus the carrying value of the van ($8,000), resulting in a gain of $2,000. If there is a gain, record … Leer más
Additionally, taxpayers earning over $1M are subject to an additional surtax of 1%, making the effective maximum tax rate 13.3% on income over $1 million. While most U.S. utilities do include fixed charges on their bills, the median nationwide is under $12, he noted — and most U.S. utilities charge far less for electricity than … Leer más
Content Penalties for Non-filing or late filing Corporate Tax Structure Why is the Limited Liability Act Important? Annual Report Requirements Filing an annual report is a necessary task for businesses to ensure compliance with state laws and maintain good standing within the state they operate in. This is no different for limited liability companies (LLCs) … Leer más
Content Law Firm Accounting and Bookkeeping 101 What Is a Legal Assistant? Explaining Their Role in a Law Firm Top Tax Deductions for Lawyers and Law Firms You Always Know Where Your Money Is Accounting Considerations for Law Firms Everything a big operation could want and need from an accounting software solution is available through … Leer más
You might think of a bond as an IOU issued by a corporation and purchased by an investor for cash. The corporation issuing the bond is borrowing money from an investor who becomes a lender and bondholder. However, some bonds, such as municipal bonds, may be exempt from federal and state taxes. Understanding the tax … Leer más
For the next six months, you will need to record $500 in revenue until the deferred revenue balance is zero. His bill for January is $2,000, but since he won’t be billing until February 1, he will have to make an adjusting entry to accrue the $2,000 in revenue he earned for the month of … Leer más
As an employee, don’t worry; your employer will still pay you for these hours. For freelancers or business owners, non-billable hours will help you increase your profits and benefit your business. This post will explain billable and non-billable hours, why you should automate this process, and how you can track billable hours using Hubstaff. If … Leer más