Instead, it should be kept within your business records and updated as necessary. LLC and S corporation are not an either-or comparison–you can structure and operate your business as an LLC but still be taxed as an S-corp. There are several factor differences to keep in mind when you’re thinking about setting up an manufacturing […]

The assets of the business will increase by $12,000 as a result of acquiring the van (asset) but will also decrease by an equal amount due to the payment of cash (asset). Owners can increase their ownership share by contributing money to the company or decrease equity by withdrawing company funds. Likewise, revenues increase equity […]

Between mutually exclusive projects having similar return, the decision should be to invest in the project having the shortest payback period. Management uses the payback period calculation to decide what investments or projects to pursue. In essence, the payback period is used very similarly to a Breakeven Analysis, but instead of the number of units […]

In Column C, you’ll want to input the formula for your overall profit. So if you have figures in cells A2 and B2, the value for C2 is the difference between A2 and B2. Your profit margin will be found in Column D. You’ll have to input the formula, though, (C2/A2) x 100. There are […]

The AT&T example has a relatively high debt level under current liabilities. With smaller companies, other line items like accounts payable (AP) and various future liabilities like payroll, taxes will be higher current debt obligations. Liabilities are categorized as current or non-current depending on their temporality. They can include a future service owed to others (short- […]

When writing a check to the IRS, you’ll need to include the standard check information on it and some other required information. You must include your name and address, daytime phone number, Social Security number or EIN, the tax year and the related tax form or notice number. Refer deposit slip to the tax form […]

You’ll receive the tools you need to manage expenses and optimize cash flow including meaningful financial statements and dependable advice. And when we start managing your finances, you’ll have more time to work with existing clients and bringing in new ones. Although Merritt does not offer some of the more advanced tools that other solutions […]

Heidi Powell is sharing the last text messages she received from her ex Dave Hollis before his death. Heath Ledger died on January 22, 2008 (aged 28) from combined effects of oxycodone, hydrocodone, diazepam, temazepam, alprazolam and doxylamine. Prescription pills, which were treating her depression, were found all over her bedroom. He also made the […]

Examples may include a recession, or if there’s disruption somewhere in your supply chain. If you’re developing a hypothetical, or pro forma, income statement, you can use historical data from previous years’ income statements. You can also do a comparative analysis of two different income statement periods to come up with your figures. What Is […]

Practicing these core ideas cements the church’s position as a symbol of goodness and righteousness, increasing its significance and effect. Managing employees’ wages, benefits and payroll taxes needs close attention and understanding of relevant laws. Outstanding tools and technology connecting faith-based organizations to the communities church accounting procedures they serve. Priests and ministers get paid […]