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Certification as a CPEO may affect the employment tax liabilities of both the CPEO and its customers. To become a CPEO, the organization must apply through the IRS Online Registration System. For more information or to apply to become a CPEO, go to IRS.gov/CPEO. For more information on electronic filing of payroll tax returns, see […]

The CIP procedures dictate the proper recording of construction costs in financial statements. In the company’s balance sheet, construction in progress is most commonly found under the head of PP & E( Plant, Property & Equipment). In this blog, we will discuss the instances when construction in progress is used by the business. The international […]

With its powerful mobile app, it is also useful for businesses working remotely. Additionally, you’ll have access to bookkeepers, tax and financial advisors, payroll specialists, and a dedicated accountant who is an expert in your state and industry. Block Advisors is a branch of H&R Block that provides tax, bookkeeping, and payroll support. It’s a […]

Here we can see the beginning balance of its retained earnings (shown as reinvested earnings), the net income for the period, and the dividends distributed to shareholders in the period. The change in retained earnings in any period can be calculated by subtracting the dividends paid out in a period from the net income from […]

Google is no longer a technology start-up; it is an established company with proven revenue models that is easier to attract investors. Meanwhile, Hertz is a much smaller company that may not be as enticing to shareholders. Hertz may find the demands of investors are too great to secure financing, turning to financial institutions the […]

It also offers business succession, personal financial, estate, gift, and tax planning services. The firm caters to several types of clients, such as the government, individuals, non-profits, and businesses. Its managing partner, Paul A. Cerrone, is licensed to practice accounting in Florida, Connecticut, Massachusetts, Georgia, New York, and Maryland. He is also a member of […]

You should consult with qualified legal counsel before acting on any content found on this website. Unlock your full potential with our guide on how to improve leadership skills. Paycor is closely monitoring the proposal and will provide updates as new information becomes available. California law provides for a variety of penalties for Labor Code […]

Sign up to receive more well-researched small business articles and topics in your inbox, personalized for you. “Petty cash” and “cash on hand” sound a lot alike, and they do overlap. Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, […]

However, the accumulated deficit can impact a company’s ability to meet its current and future obligations, as it reduces the retained earnings available for reinvestment or debt repayment. This deficit arises when the cumulative amount of losses experienced and dividends paid by a business exceeds the cumulative amount of its profits. An accumulated deficit signals […]

By delegating time-consuming financial tasks, small business owners can focus on core operations, innovation, and strategic planning. Our expert bookkeepers at Bench Accounting understand the ins and outs of tax laws, deductions, and write-offs, especially in relation to specific professions like Virtual Assistants. We can ensure that you’re taking advantage of all the deductions applicable […]