Bookkeeping

This formula is not devised to be a return on investment but instead to provide reliable basic income to all who have participated. For individuals who are part of religious organizations or those who have strong philanthropic desires, opting out of Social Security allows them to allocate funds more freely toward charitable contributions. Without being […]

When it comes to securing your financial future, planning your payout period for an annuity in advance is a crucial step. An annuity is a popular financial product that provides a steady stream of income during retirement or for a specific period of time. However, the success of your annuity depends on how well you

It is our client’s responsibility to review all information provided for accuracy and completeness before submitting it to your CPA or tax professional. Any questions or concerns regarding your tax return should be addressed directly with your chosen tax preparer or advisor. By using our services, you acknowledge that we do not assume responsibility for

From the examples above, gross vs net the DSI concept is very simple and computing it takes the shortest time possible so long as one can identify the required variables from the problem. The three formulas above provide room for one easily compute DSI depending upon the accounting practice. We are a team of experienced

For example, if you have identified employee morale as a driver, you could monitor it by tracking voluntary overtime, absenteeism and sick days. The drivers may change with time due to the growth of your business, changes in your market or simply seasonal changes. Like sales, your costs (and therefore profit margins) should ideally be

Or they can correct the depreciation for such “one-year property” by filing an amended return. If you opt for straight-line depreciation for real property, there won’t be any Section 1245. This includes QIP (that is, no first-year Section 179 deductions and no bonus depreciation). Cost segregation studies are important for qualified improvement properties because they