When a taxpayer's income isn't subject to withholding taxes, they must make estimated tax payments to the Internal Revenue Service (IRS) each quarter. If taxpayers earn income through wages, rent, interest, or dividends, and they don't have an emplo... Read more
Businesses have to calculate how much money must be withheld from employee paychecks to send to the IRS to cover tax payments. It's an important task as employers have to be careful and properly calculate everything to ensure that employees are taxed... Read more
Every employer who buys an employers' compensation insurance policy has to calculate compensation per employee. The calculation depends on several factors such as the payroll, classification codes, an experience modification factor, whether the emplo... Read more
Business tax preparation can be overwhelming. There are a lot of documents to collect and calculations to do to fill out and file taxes. Business or corporation owners can ask for business tax preparation help from professional accountants. Whether... Read more
An invoice is a document produced by a seller to hand to a buyer. Buyer must follow the information from the invoice to pay for services or goods from the description. Standard invoices include the price of services or products, names of the seller... Read more
Overall, net working capital is often cited as one of the “purest” financial metrics for evaluating a company’s short-term financial well-being. A low ratio could mean that the company invests too much in inventory and account receivables, which may,... Read more
Inventory to working capital is a liquidity ratio that measures the amount of working capital that is tied up in inventory. There are many ways to acquire and calculate this, read our guide to find out more. Discover why you should monitor your finan... Read more
Marketing Systems LLC is a digital marketing agencies with offices in 5 countries within Europe. The business has over $7,000,000 in annual sales and it has more than 45 employees. A high ratio means that the company has an operational problem in liq... Read more
Generally speaking, it’s considered best practice to carry as little WIP Inventory as possible. Having too much WIP inventory on-hand can be an indication of bottlenecks in your manufacturing or procurement process.The term work-in-progress is a prod... Read more
You can take the three parts in any order and, if you pass part of the exam, you can carry over passing scores up to two years from the date you took the exam. Enrolled agents also had to learn about taxpayer advocacy. This additional skill involved... Read more
