What is a Virtual Account: Benefits and Key Features for Businesses in 2025

What is a Virtual Account: Benefits and Key Features for Businesses in 2025

Before cloud-based accounting software and collaboration tools, accountants were generally limited to working with small business owners in their geographical...

American Institute of Certified Public Accountants AICPA

American Institute of Certified Public Accountants AICPA

A CPA license opens the door to working in various sectors, including public accounting, financial services, government, and corporate finance....

Variable Cost vs  Fixed Cost: What’s the Difference?

Variable Cost vs Fixed Cost: What’s the Difference?

The variable costing calculator can be used by following the steps as discussed below. Making informed decisions about business expenses...

GAAP Accounting for Lawsuit Proceeds and Settlements

GAAP Accounting for Lawsuit Proceeds and Settlements

For instance, compensatory damages received for physical injuries or sickness are generally not taxable under federal tax law. However, other...

Five Tax Deductions You Shouldnt Miss Out On

Five Tax Deductions You Shouldnt Miss Out On

To calculate the qualified business income (QBI) deduction, you must complete your personal tax return and calculate the net income...

Credit Note: The Complete Guide Template Examples

Credit Note: The Complete Guide Template Examples

Now that you comprehend the importance and essential components of a credit memo, it’s time to learn how to write...

Updated Guides for Filing Season 2024 South African Revenue Service

Updated Guides for Filing Season 2024 South African Revenue Service

Passive losses generally can’t be deducted against other kinds of income, such as salary or income from interest, dividends or...

Discontinued Operations Should Be Reported on the Income Statement: Heres How

Discontinued Operations Should Be Reported on the Income Statement: Heres How

The sale of a discontinued operation can affect EPS by either increasing it with a gain or reducing it with...

Free Catering invoice Template: Example of Bills in PDF, Doc, Excel

Free Catering invoice Template: Example of Bills in PDF, Doc, Excel

This template allows you to list services such as vehicle towing, mileage, storage fees, and other charges. It simplifies the...

Cafeteria 125 On W2: Decode Your Tax Savings Federal Tax Credits

Cafeteria 125 On W2: Decode Your Tax Savings Federal Tax Credits

The primary benefit of Cafeteria 125 plans is that they reduce your taxable income. The amount you contribute to these...