Bookkeeping

Free Paycheck Calculator: Hourly & Salary Take Home After Taxes

Employees who earn a salary typically aren’t paid overtime for working more than 40 hours in a week. While some companies may choose to do this, it’s certainly not a given—and probably not something to expect if you’re applying for a new job. The U.S. Bureau of Labor Statistics tracks information related to the country’s …

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Reconciliation Accounting: Reconciling Accounts and Making the Most of Reconciliation

Shockingly, up to 95% of this energy is spent on transactions that already match. This is explained by the fact that the manual accounts reconciliation process is slow in identifying transactions that actually require special attention. For correct account reconciliation it’s crucial to record not only each sale and refund but also all the fees …

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Should i recognize a bond premium amortization on tax exempt interest bonds? and if so where?

The penalty applies to any part of an underpayment related to the following undisclosed foreign financial assets. Investing in an abusive tax shelter may lead to substantial expenses. If your return is examined by the IRS and a tax deficiency is determined, you will have to pay more taxes and interest on the underpayment, possibly …

Should i recognize a bond premium amortization on tax exempt interest bonds? and if so where? Read More »