Category: Bookkeeping

This is a free service offered by the Internal Revenue Service and you can get your EIN immediately. You must check with your state to make sure you need a state number or charter. To ensure fair and equitable treatment for all taxpayers, Employer Identification Number (EIN) issuance is limited to one per responsible party per…

It saves you time and energy by handling many of your accounting tasks on your behalf. Enron exploited accounting loopholes of the period to book assets as profit without it having any actual value. CEO Jeff Skilling and former CEO Ken Lay were the major players in this scandal. Some of the top features of…

Cost variance refers to the discrepancy between a project’s budgeted cost and the actual cost incurred. A high positive cost variance might indicate good financial performance, but it could also indicate underutilization of resources. Conversely, negative cost variance could suggest overspending, highlighting the need for tighter financial control. In accounting, a variance is the difference…

Continuing education is the key to keeping up with opportunities and regulation in a growing and competitive industry. Any unconditional rights to consideration are reported separately as a receivable. The PCC is considering a private company alternative to simplify the guidance. For example, some PCC members have suggested allowing private companies to bypass the required…

You also have the option to upload a bank statement at month’s end to make the reconciliation process a bit easier. Kashoo is a great option if your accounting knowledge is limited. As a small business https://www.kelleysbookkeeping.com/ owner, you’re selling something, whether it’s antique bubble gum machines or your expertise as a pig farmer. Either…

Now, Wix is a major force in the ecommerce space and delivers amazing value for solopreneurs and small ecommerce businesses. Wix’s ecommerce features have evolved drastically in a few years. They now offer multi-channel integration, abandoned cart recovery, dropship, and print-on-demand capabilities. All plans feature unlimited products, unlimited bandwidth, and SSL encryption. What types of…

You can make a withdrawal by sale, exchange, retirement, abandonment, or destruction. You had to make the election to use the alternate ACRS method by the return due date (including extensions) for the tax year you placed the property in service. If you elected to use an alternate recovery percentage, you have to use the…

Overall, Xero offers a good range of plans, including one of the cheapest MTD ready plans. However, it has more limited telephone support and one of the more expensive multi-currency plans. Jennifer Simonson draws on two decades as a journalist covering everything from local economic developement to small business marketing. self employed invoice template Beyond…

On the other hand, if you aren’t necessarily looking to outsource your financial processes and instead would prefer a well-rounded, scalable software solution, QuickBooks Online will likely be the better choice. Plus, when it comes to QuickBooks, it’s important to note that you always have the option to opt into QuickBooks Live Bookkeeping at a…

Marcum’s Media, Gaming & Entertainment Practice can help your company successfully navigate this evolving marketplace to solve your business issues and realize your goals. Marcum has extensive experience assisting counsel and their clients in evaluating and calculating damages in complex commercial and personal injury litigation. From development stage startups to revenue-generating accelerated public company filers,…