Investment-related documents, such as brokerage statements and records of capital gains or losses, are also important. Business or rental property owners should maintain records of income, expenses, and depreciation schedules.

The best way to determine what is a good or bad turnover rate for your company is to talk to your employees and get their feedback. Ask them what they

In academic settings or certification exams, PV tables are a lifesaver. If you’re in the middle of a calculation and just want the number, a present value table is as

Get help from tax accountants in Madison, who understand the constant changes in the U.S. Tax Codes and can provide you with support for your growing business or individual tax

Join the 50,000 accounts receivable professionals already getting our insights, best practices, and stories every month. Danielle Bauter has 25 years of experience as a Full-Charge Bookkeeper and has owned

If it doesn’t, then your books are out of balance, most likely because there was an entry made to an owner’s equity account that isn’t reflected in your calculation above.

For example, the IRS’s failure-to-file penalty is 5% of unpaid taxes for each month or part of a month that a tax return is late. The maximum penalty for failing