Danh mục: Bookkeeping

Industry-specific considerations for calculating sales margins vary significantly. For instance, in the technology sector, rapid product obsolescence and high research and development costs can impact margins, requiring regular adjustments. In the fashion industry, seasonal trends and high return rates are critical factors. Businesses in these sectors must consider these unique aspects when calculating and adjusting…

Your board members need to keep an eye on your nonprofit’s finances, but they don’t have to become finance pros to do this. They highlight potential vulnerabilities such as cash flow issues, dependency on specific funding sources, and budget variances. This also helps set realistic financial goals, ensure compliance, and build trust with donors and…

Planning for cash flow problems can empower you to cushion—or even avoid—financial blows to your business. Enter your business information, upload your logo, and choose custom details within our invoice template. But when figuring your self-employment tax on Schedule SE, Computation of Social Security Self-Employment Tax, the taxable amount is $46,175. Not paying the 15.3…