Bookkeeping

This applies to cryptocurrency, for example, and other more standard marketable securities and short-term investments that are easy to sell. By definition, assets in the Current Assets account are cash or can be quickly converted to cash. Cash equivalents are certificates of deposit, money market funds, short-term what are the tax benefits of homeownership government […]

Cash Equivalents – Cash equivalents are investments that are so closely related to cash and so easily converted into cash, they might as well be currency. T-bills can be exchanged for cash at any point with no risk of losing their value. If it is a short-term investment, such as a money market fund, then it

Unlike a traditional bank loan, accounts receivable factoring companies do not offer a fixed credit line. Instead, your access to immediate working capital how does accounts receivable factoring work increases as your increased sales. It’s essential to understand that this financing solution isn’t only for businesses experiencing financial shortfalls. “You need your cash flow to

Unless employees earn less than $20 in tips in a month, the Internal Revenue Code requires them to report all tips to their employer, as all tips are income and therefore subject to Federal income taxes. Plus, some payroll software is more comprehensive, taking care of your time clock, scheduling, payroll, tip pooling, tax and

Big cities have more job opportunities and a larger pool of skilled workers, but they also typically have a higher cost of living, so location isn’t everything. If you dislike the cold and aren’t enrolled agent salary comfortable in a big city, you don’t have to live in New York or Chicago to make a

Plus, the EA designation signals a high level of expertise that will cement your status as a valuable expert on tax topics. Investment Firm StaffInvestment firms need tax professionals on staff who can help them minimize the tax obligations of their clients. An EA can advise investment firm staff on how to handle the purchase