What Is SG&A in Accounting and Why Does It Matter?
Demystify SG&A in accounting. Learn how these essential operating costs impact business efficiency and profitability.
Auditing and Corporate Governance
When Was ASC 606 Effective? Dates & Transition Explained
Navigate the historical application timeline and implementation approaches for ASC 606, the revenue recognition standard.
What Is the Pass-Through Entity Tax (PTET) Election?
Discover how the Pass-Through Entity Tax (PTET) election offers a strategic way for businesses to navigate state and federal tax implications.
What Is an Exemption From FATCA Reporting Code?
Navigate FATCA reporting requirements by understanding specific exemption codes and how to properly document your entity’s status for international tax compliance.
Are Banks Affected by a Government Shutdown?
Explore the real effects of a government shutdown on banks, impacting operations, customer finances, and the broader economy, while assessing system resilience.
What Is a Non-Negotiable Check and How Does It Work?
Unpack the concept of non-negotiable checks, understanding their purpose in ensuring funds reach only the designated payee.
What Is Straight Overtime Pay & How Is It Calculated?
Demystify straight overtime pay. Understand how working beyond standard hours impacts your earnings and what you need to know about it.
What Was the Last Year Copper Pennies Were Made?
Explore the exact year the U.S. penny’s composition changed from copper, understanding the economic shifts and how to identify different types.
Do You Tip a Carpet Cleaner and How Much to Give?
Navigate the etiquette of showing appreciation for professional services. Understand when and how to acknowledge quality work.
What Does Remit To Mean on an Invoice?
Demystify invoice payment instructions. Learn how the ‘remit to’ section guides accurate fund transfers for proper financial processing.
How to Make a Statement of Retained Earnings
Learn to construct the essential financial report that shows how a company’s earnings are reinvested or distributed over a period.
Does an S Corp Require Payroll? What Owners Must Know
Navigate S Corp payroll: understand owner compensation requirements, tax implications, and the practical steps for compliant administration.
How to Close a Bank Account: A Step-by-Step Process
Navigate the process of closing your bank account with ease. Get essential steps and practical advice for a secure and successful closure.
When Did Silver Hit $50 an Ounce? A Brief History
Explore the rare times silver’s price surged to $50 an ounce. Understand the economic forces behind these historic peaks.
What Is the Difference Between ACH and ABA Routing Numbers?
Navigate financial transactions by understanding the core differences between ABA and ACH routing numbers.
What Is an Invoice? Definition, Purpose, and Types
Understand the core definition of an invoice, its vital role as a financial and legal record, essential components, and various types in business.
What Does Bad Debt Expense Mean and How Is It Recorded?
Learn how businesses account for expected uncollectible customer debts, impacting financial statements and asset valuation.
What Are Complementary User Entity Controls in a SOC Report?
Learn about Complementary User Entity Controls (CUECs) in SOC reports. Understand their importance and your organization’s role in effective control.
What Is a Diagnosis Pointer in Medical Billing?
Understand diagnosis pointers in medical billing. Learn how these essential links ensure accurate claims and proper reimbursement for healthcare services.
Are Credit Card Fees Subject to Sales Tax?
Are credit card processing fees subject to sales tax? Explore state-specific rules and your business’s compliance requirements.