If you recall, Hector’s bakery is located in the sunny state of California. California has one of the highest state income tax rates in the country. There are nine tax rates in California , starting at 1% and going up to 12.3%. Similar to calculating federal income taxes, taxpayers have to make adjustments to their gross [...]

For example, a company with $0 of fixed costs will automatically have broken even upon the sale of the first product, assuming variable costs do not exceed sales revenue. For example, if a product sells for $200 each, and the total variable costs are $80 per unit, the contribution margin is $120 ($200 - $80). [...]

According to Fidelity Investments, 51% of people who resolved to improve their finances last year did just that. Better yet, 42% said it was their easiest resolution to stick to. Full-Service Property Management Services, including annual property inspections, full-services rental advertising and timely rental collection. Smoker Bookkeeping Services in Lancaster and Company LLC offers a full [...]

This will help you save a lot of time and effort when you are actually filing your taxes. In this section, we bring to you an easy guide you could follow to ensure that you have all the ingredients on your table to cook up a great accounting year ahead. When you have administrative tasks [...]

Payroll accrual can take into account many different sources of expenses for businesses. This might be employee salaries, health care benefits, payroll taxes, or Social Security. To keep tabs on accrued payroll and gain insight into your business’s finances, keep in mind these sources of payroll accrual. To calculate the accrual amount, simply multiply your [...]