Today’s leading accounting platforms offer standard security features like data encryption, secure credential tokenization and more. While human error will always play some role in security breaches, you can be confident in your accounting platform when it comes to keeping your information safe. It also has more features for personal finance, such as the ability [...]

They likely use employees with task-specific training and have all the necessary software on hand. Some suppliers offer additional services related to payroll, such as pension plans, benefits administration, and timekeeping systems. Worst of all is the tax remittance, which involves a heavy penalty if it is paid even one day late. You need to [...]

Consequently, your estate is taxed on your capital gains up to that date. So, for individual stockholders, buy and hold works best if you live to be as old as Methuselah. I mean, I literally will eat a salad with a half pound of chicken on it, cucumbers and hummus, and an apple and is [...]

It reflects the efficiency of a company in its production and selling process. Financial statements aid in making decisions about investing in a company, lending money to a company, or providing other forms of financing. This article is not intended to provide tax, legal, or investment advice, what are state income taxes and BooksTime does [...]

In this case, it is helping users of FS to understand all types of liabilities and expenses that probably happen to the entity. This approach makes allowance for doubtful accounts and bad debt expenses it easier for them to understand and compare financial statements. If you record revenue, the conservatism approach in accounting is common. [...]