Category: Bookkeeping

Working with the right payroll provider can be the key to saving time and avoiding unnecessary paperwork. It’s also important to keep detailed information on mileage and trips, no matter the size of your business. The ideal accounting solution will provide all of this information and offer trucking management tools, such as fleet maintenance tracking.…

It’s also essential to keep proper documentation on hand in case you’re ever audited by the IRS. IFTA was put into place to redistribute the tax to the states where the fuel is being used, not where it’s purchased. If you’re trying to decide whether to buy fuel in one state compared to another, then…

The market capitalization, i.e. “equity value”, of a company following a stock split or reverse stock split should be neutral in theory. Thus, the “Net Earnings for Common Equity”—which is calculated by deducting the preferred dividend from net income—amounts to $225 million. Since the denominator is greater in the basic EPS, the diluted EPS is…

Such a provision constitutes a participation right because it results in a noncontingent transfer of value to the holder of the forward contract for dividends declared during the forward contract period. Earnings per share (EPS) is of two types – (i) basic earnings per share (BEPS) and (ii) dilutive earnings per share (DEPS). Which type…

We can help you save time on paperwork with our quick and simple to use software solutions. Swift and responsive services, addressing your financial needs promptly and effectively. You can get the Plus plan for $49.50 per month for the first three months when it bumps up to $99 per month. The Advanced plan is…

By being organised, you’re free to concentrate on delivering high-quality projects and expanding your business. At Thomas Coombs, Our team of experienced accountants specialises in serving the unique needs of the property & construction industry. I provide tools, advice and financial guidance so you can keep more of your hard-earned money and reduce your tax…

Charities and nonprofits must fill out W-9 forms to be eligible for tax-exempt status. If you are an American citizen, freelance platforms require you to fedex w9 fill out a W-9 when signing up to report your income to the IRS. Two commonly used forms for tax purposes are Form W-9 and Form W-4. TaxCaster…

Filing an incorrect W-9 will result in a $50 fine for each incorrectly filed form unless the mistake was reasonable and without willful neglect. False fedex w9 statements with no reasonable basis can also result in the IRS issuing a $500 fine. Musicians and bands are considered independent contractors and must fill out Form W-9s…

As a result these items are not reported among the assets appearing on the balance sheet. A record in the general ledger that is used to collect and store similar information. For example, a company will have a Cash account in which every transaction involving cash is recorded. A company selling merchandise on credit will…

Choosing the right professional could help you achieve financial security, whether you’re running a business or investing money for your future. You should consider your financial complexity, the time you can devote to financial management, your comfort level with financial tasks, and your long-term business goals or personal financial health. Alternatively, exploring alternatives such as…