You’ll need to lead teams, manage projects, and make strategic decisions, too. Being a Certified Public Accountant demands more than just a fundamental understanding of accounting principles. To excel in this dynamic field, you should have a diverse skill set. You’re likely familiar with at least 1 or 2 stories of an employee or executive […]

On the other hand, when a company generates surplus income, a portion of the long-term shareholders may expect some regular income in the form of dividends as a reward for putting their money into the company. Traders who look for short-term gains may also prefer dividend payments that offer instant gains. Many companies consider dividend […]

On the other hand, when a company generates surplus income, a portion of the long-term shareholders may expect some regular income in the form of dividends as a reward for putting their money into the company. Traders who look for short-term gains may also prefer dividend payments that offer instant gains. Many companies consider dividend […]

Construction companies usually need to pay their workers what’s known as a prevailing wage. Contract retainage, which is the amount of money that customers can withhold until they are satisfied with a project, is typically 5-10% of a contract’s value. Revenue recognition is how a a business determines when they’ve officially earned revenue from a […]

This makes sense because although it stems from a long-term obligation, the current portion will have to be repaid in the current year. Thus, it’s appropriate to include it in with the other obligations that must be met in the next 12 months. While A/R and inventory are frequently considered to be highly liquid assets […]

This makes sense because although it stems from a long-term obligation, the current portion will have to be repaid in the current year. Thus, it’s appropriate to include it in with the other obligations that must be met in the next 12 months. While A/R and inventory are frequently considered to be highly liquid assets […]

Contract workers are also typically required to pay self-employment taxes. If you don’t receive a 1099-INT and you think you 1099s are used should, contact the financial institution you expected to issue you one. If you still haven’t received the form by the end of February, you can contact the IRS for assistance. If you […]