por SitioBarnabe | 21/11/2023 | Bookkeeping
This is one of the accounting errors where transactions have been recorded in accordance with the double-entry at the correct amount. However, subsequently, such transactions are not in compliance or in accordance with the applicable rule or accounting principle or...
por SitioBarnabe | 22/09/2022 | Bookkeeping
A comprehensive estimation of all these aspects is presented to the revenue secretary. Occasionally, pre-budget circulars are distributed to officials and financial advisors of other ministries earlier than usual. Last year it was done to gather data for revised...
por SitioBarnabe | 01/10/2021 | Bookkeeping
Employers should still only count back as far as is needed to achieve 52-weeks’ worth of pay data if this is less than 104 weeks. Irene works a total of 30 hours over 4 days a week, working 9 hours on Monday and Wednesday and 6 hours on Tuesday and Thursday. To work...
por SitioBarnabe | 25/01/2021 | Bookkeeping
It’s common for small business owners to rely on these kinds of funds until their businesses begin to grow. Studies show that one of the top reasons most businesses fail is because they don’t have enough cash on hand. But before you apply for a cash-flow loan, a...
por SitioBarnabe | 28/09/2020 | Bookkeeping
Businesses with debts of $5,000.00 or more make settlement payments, with 40% due on June 1st, 20% on September 1st, 20% on December 1st, and the rest on March 1st. Authorized Share Method 5000 shares or less, pay the minimum $175 tax. For each additional 10,000...
por SitioBarnabe | 12/08/2020 | Bookkeeping
Tax-deductible homeowner costs can reduce the amount of income tax you have to pay. In the same manner, they are not liable to be paid a share of profits in the form of dividends. However, against the debt that the firm draws, there is a financial cost that needs to...
