Category: Bookkeeping

  • What Does an Accountant Do? Duties, Rules, Skills, and History

    A CPA is an excellent choice for making sure the bills get paid and the money that customers owe you actually makes it into the bank. Also, most states limit non-CPA ownership of CPA firms to 49 percent; although a few states (New York and Delaware are notable examples) require that CPA firms be 100…

  • Predetermined Overhead Rate Example Advantage

    Content What are the Advantages of Predetermined Overhead Rate? How often should you calculate your predetermined overhead rate? How to Calculate a Predetermined Overhead Rate When is the predetermined manufacturing overhead rate computed? Sales and production decisions based on this rate could be faulty Example of Predetermined Overhead Rate What are some common methods of factory…

  • Pass-through entity tax PTET

    Content Notable 2023 State Individual Income Tax Changes When are 2022 taxes due? Year-End Capital Gains and Losses Business Interest Nonrefundable Income Tax Credits Form 1099-B: Cost Basis and Options Trading Special $300 charitable contribution deduction A payer who withholds Colorado income tax must report the withholding on the IRS Form 1099 issued to the…