If your net earnings exceed $90,000, you continue to pay the Medicare portion of the Social Security tax, which is 2.9 percent, on the rest of your earnings. The majority of people who pay into Social Security work for someone…
Analysts often find it helpful to plot gross sales lines and net sales lines together on a graph to determine how each value is trending over a period of time. If both lines increase together, this could indicate trouble with…
By comparing them to gross sales in February and January, we can see fluctuations in gross profit. From these totals we can subtract deductions, such as discounts, allowances, and returns, in order to see what the net sales were. To…
Remember, deposits are a standard practice in the hospitality industry and serve as a means for accommodations to ensure their guests’ commitment to their reservations. Cost-saving measures are vital for businesses to maintain financial stability and stay competitive. Adopting energy-efficient…
A CFO company is also often bound by an agreement of deliverables, whereas an in-house CFO’s deliverables are typically at their own discretion. Likewise, according to Smart Business magazine, an outsourced CFO can bring in strategies that can result in greater…
If all this sounds a little overwhelming, don’t panic because you don’t necessarily have to run restaurant payroll on your own. So far, Oregon is the only state with statewide fair scheduling laws in place, but several cities across the…
If you need any help with this, reach out to the experts at Hall Accounting Company to guide you through this process. As the person responsible for handling this bad debt, it is your responsibility to enter the loss into…
Very briefly, there are four main valuation methods for inventory and cost of goods sold. They may also include fixed costs, such as factory overhead, storage costs, and depending on the relevant accounting policies, sometimes depreciation expense. When the expense…
In addition to a vertical analysis, another way to parse your balance sheet is with a classified balance sheet. A classified balance sheet is a breakdown of each of your balance sheet’s subcategories, creating a more nuanced and valuable report….
To see our product designed specifically for your country, please visit the United States site. I love seeing each of you have the courage to embrace your creativity and choose to create art. In my tutorials and classes, I will…
