Category: Bookkeeping

This lower amount is your take-home pay and it is divided into 26 paychecks per year, paid to you every other Friday. It’s not based on the hours you work because it’s a flat salary rate that you agreed to when you were hired at the company. GAAP calculations do not incorporate the type of… Continue reading Gross Domestic Product GDP: Formula and How to Use It

Under cash accounting, the expense is only recorded when the actual cash has been paid. One of the main goals of company management teams is to maximize profits. This is achieved by boosting revenues while keeping expenses in check. Slashing costs can help companies to make even more money from sales. Hence, expenses are those… Continue reading Expense: Definition, Types, and How Expenses Are Recorded

It’s important to understand QuickBooks has multiple plans, and some only allow one user or require them to pay for their own access. Quicken and QuickBooks are two popular accounting software programs. Quicken is designed for personal finance while QuickBooks is geared toward small businesses. Both programs can track income and expenses, create budgets and… Continue reading Here’s How Much Speeding Raises Your Auto Insurance Rates

While CPA firms can help out with any of these requests, you also need to safeguard your time and get compensated for additional services. To protect yourself from time drains, minimize your professional liability, and maintain your firm’s profitability, you need to ensure you have an engagement agreement in place for each project. When you… Continue reading A Clear & Simple Bookkeeping Engagement Letter Template

Our packages are differentiated based on cost, delivery date of financial statements, allotted transactions per month, and communication channels with your bookkeeper. Whether that’s assisting with federal/state corporate returns, federal/state personal returns, tax credits, tax extensions, 1099s, quarterly tax estimates, or something else tax-related, we’re happy to help. We love to help companies grow by… Continue reading TOP 10 BEST Accounting Firms in Boston, MA January 2024

Every bookkeeping skill you need to become a bookkeeper can be found in your home. Mostly every business could find value in having someone look after their financial books and records. An enrolled agent (EA) is a tax professional authorized professional bookkeeper by the United States government. Their job is to advocate and assist taxpayers when… Continue reading Home American Institute of Professional Bookkeepers

It combines personal support from a nationwide team of experts with the convenience of digital technology for a flat rate, which is why we selected it as the best accounting firm for a basic plan. For small businesses with straightforward accounting needs, 1-800Accountant offers a solid basic plan for a flat fee of $129 a… Continue reading How to Find the Best Virtual Bookkeeping Services?