Bookkeeping

Federal Insurance Contributions Act Wikipedia

In summary, both employees and employers play vital roles in funding Social Security and Medicare programs under the Federal Insurance Contributions Act. Awareness of each party’s when was fica established responsibilities and obligations can help clarify the complexities involved with FICA taxation. Under the Federal Insurance Contributions Act (FICA), both employers and employees share the … Continued

What Is The FICA Tax? Everything You Need To Know

In addition, they support the financial security of others, such as survivors and dependents, as specified by the Social Security Act. Understanding the differences between FICA and SECA taxes is vital for both wage earners and self-employed individuals to ensure they properly calculate and file their annual taxes. She pays a total of $9,674.40 in … Continued

Construction Bookkeeping Services

We have the capabilities and experience to cater to the demands of any construction company, no matter how big or small. We help contractors nationwide with remote construction accounting and bookkeeping to ensure they become permanently profitable. Great bookkeeping for contractors is How to leverage construction bookkeeping to streamline financial control the foundation of all … Continued

Horsforth, West Yorkshire Accounting & Bookkeeping Services

Wade Carpenter and his team have helped our construction company to become more organized and running a corporation the way it should be. Our tax specialists offer holistic tax planning services tailored-made to your unique needs, allowing you to reduce your tax burden while maintaining a positive standing with the tax authorities. We examine your … Continued

10 Tips for Managing Small Business Finances

The relevant accounts must be filed by your accounting deadline or you risk a fine. Assuming a new customer has an excellent credit record and you’re happy to supply your goods or services, you now have to make sure they understand the terms under which you agree to do business. Although a verbal exchange might … Continued

A Complete Guide to Managing Small Business Finances

Here are a few things you should do as a small business owner to stay on top of your finances. We collaborate with business-to-business vendors, connecting them with potential buyers. In some cases, we earn commissions when sales are made through our referrals. These financial relationships support our content but do not dictate our recommendations. … Continued

What is Accounts Receivable Management?

Additionally, accountants disclose the net amount of cash that is expected to be collected, as well as any collateral agreements. Other types of transactions may create receivables, such as payments of advances and deposits, or filing for tax refunds. Receivables occasionally arise from lending cash to others, but these transactions are unusual for most businesses … Continued

What is accounts receivable management?

Quality should encompass not only the products or services you provide but also the quality of customer interactions at every stage of engagement. Ensure that a commitment to quality permeates every aspect of your operations, from production and logistics to inventory management and your finance department. First, ensure that invoices are sent out promptly and … Continued

Debt to Equity Ratio Formula Analysis Example

The personal D/E ratio is often used when an individual or a small business is applying for a loan. Lenders use the D/E figure to assess a loan applicant’s ability to continue making loan payments in the event of a temporary loss of income. Finally, if we assume that the company will not default over … Continued