Bookkeeping

These are all known as payroll Opening Entry withholdings because they’re directly related to payroll. Report non-payroll withholdings—which include pensions, annuities, or gambling winnings—on Form 945 instead. If you’re ever unsure, check with the IRS, because mistakes can lead to interest charges and other penalties. Even if you manage to get all the information right, […]

These are all known as payroll Opening Entry withholdings because they’re directly related to payroll. Report non-payroll withholdings—which include pensions, annuities, or gambling winnings—on Form 945 instead. If you’re ever unsure, check with the IRS, because mistakes can lead to interest charges and other penalties. Even if you manage to get all the information right,

The answer is yes—you can deduct property taxes on your tax return. In fact, property tax fixed assets deductions remain one of the valuable benefits of homeownership under current tax law. These deductions allow you to reduce your taxable income by the amount you have paid in property taxes throughout the year. However, the rules

It’s confusing if your clients receive other invoice reminders and automatic payment charges. One of the simplest ways to improve prompt payments is to make it easier for clients to pay you in the first place. As a bonus, automation frees up your time from manual invoicing and payment processing–a  double win. This means setting

For more ideas on leveraging data, you might find helpful articles on the HubiFi Insights blog. A scalable solution often comes with flexible pricing structures that adapt to your needs, perhaps based on transaction volume or the number of users. This means you can start with what you require accounting services for startups right now

The older your credit card is, the more you can earn. Essentially, having a high score means you have a great credit history, which is what any tradeline buyer needs. Authorized users of your card do not get any access to your credit card. Some might sell much quicker than others for no other reason

Fixed costs, like rent or salaries, are consistent, while variable costs fluctuate based on business activities. Optimizing operating expenses ensures that agencies maintain efficient operations while maximizing profitability. Monitoring OPEX alongside other key metrics, such as profit margins and cash flow, helps agencies maintain a clear view of their financial health. Rent and utilities are

The specific types of allowances vary based on the nature of the underlying asset or liability. Instead of directly reducing the asset’s value (or increasing the liability), a separate allowance account is created. In the realm of financial accounting, accuracy and transparency are paramount. Benefits Directory Under the allowance method, a company records an adjusting