Remember, you need to complete all four updates for the year to maintain your Advisor certification. Business owners, freelancers and entrepreneurs often spend a large chunk of time on administration and accounting. Suited for small- and medium-sized businesses (SMBs), Xero is an affordable cloud-based accounting software system that streamlines these processes with plans starting at […]
According to WallStreetPrep, industries such as oil and gas and pharmaceuticals typically have high operating leverage, while professional services and retailers typically have low leverage. Either way, one of the best ways to analyze DOL results is to compare your company with those in your industry. That will help you gauge if you have a […]
If you’re several years behind on your bookkeeping and taxes, you can get caught up and filed with Catch Up Bookkeeping. If you’re switching from QuickBooks, we’ll work from your closing balances to do your bookkeeping going forward. If you’re not sure whether your closing balances are accurate, we recommend chatting with one of our […]
For example, though the income you gain from dividends qualifies for a credit, your labor does not. The United States is alone in this sense among industrialized countries- it taxes the money you make overseas even if you already paid income tax there. Moreover, during economic contractions, these companies continue to pay high yields. Property […]
Trust accounting must be done correctly in order for law firms to stay compliant. Legal accounting software that syncs your firm’s financial activity helps take care of bookkeeping tasks automatically—creating more accurate records with less work for you. Clio Accounting, for example, connects to your bank account feeds and talks directly with Clio Manage and […]
Before we jump into the calculations, let’s make sure we’re on the same page about what marginal cost actually means. In simple terms, marginal cost is the additional cost incurred when producing one more unit of a good or service. Marginal cost is the expenses needed to manufacture one incremental good. Marginal cost and making […]