por admincerciorat | Nov 30, 2023 | Bookkeeping
In this section, you will provide your taxpayer identification number (TIN). As an individual or single-member LLC, this will usually be your Social Security Number. It can also include your employer identification number (EIN) if you are a multi-member LLC classified...
por admincerciorat | Sep 26, 2023 | Bookkeeping
The above operating cycle formula can be used to derive the relationship between Debtors, Creditors, and Cash with Purchase and Distribution. The fundamental data obtained from the Operating Cycle formula is the number of days it takes the company to convert raw...
por admincerciorat | Sep 20, 2023 | Bookkeeping
Preparing an income statement correctly involves a number of steps that integrate with the logical flow of calculations as well as promotes accuracy. Writing an income statement is a straightforward process, and Step 3 involves calculating each of your respective...
por admincerciorat | Ago 23, 2023 | Bookkeeping
Common stock is the first type of equity account, and it represents the ownership interest in a corporation. The holder of common stock has the right to vote on corporate matters and to receive dividends if they are declared. Total assets is calculated as the sum of...
por admincerciorat | Jul 25, 2023 | Bookkeeping
The fourth type of income is an unpopular one and is called residual income. This is the type of income where you will get continuous income in the future when you are not actively working as a result of your active participation today. Using a 6% annual returns, it...
por admincerciorat | Jul 6, 2023 | Bookkeeping
They can either be taxed at your regular rate, or at a flat rate of 22%. If your normal tax rate is higher than 22% you might want to ask your employer to identify your supplemental wages separately and tax them at that 22% rate. No matter which state you call home,...
