What Are the 5 Basic Accounting Principles?
Understand the fundamental rules that govern financial reporting, ensuring clarity, consistency, and reliability in how business finances are presented.
Auditing and Corporate Governance
How to Calculate Profit Sharing: Formulas & Examples
Understand how to accurately calculate profit sharing. Explore various allocation methods and apply them with practical examples.
How to Get a Duplicate EIN Letter From the IRS
Secure a replacement for your lost or misplaced IRS Employer Identification Number letter. This guide provides a straightforward path to restoring your official EIN notice.
What Is a 721 Exchange and How Does It Work?
Learn how a 721 exchange facilitates tax-deferred property contributions to a partnership, offering strategic flexibility for asset owners.
Do Per Diems Get Taxed? A Breakdown for Employees
Understand how per diem payments are taxed for employees. Learn the IRS rules that determine if these reimbursements are taxable income or not.
How Much Should a 23-Year-Old Have in Savings?
Learn how to approach savings at 23. This guide offers insights on setting financial goals, smart money habits, and securing your financial future.
What Percentage of Individuals Make Over $100,000 a Year?
Gain insight into who earns over $100,000 annually and the diverse factors shaping these income achievements.
How Much Is a Bridge Loan? A Breakdown of Costs & Fees
Unpack the complete financial landscape of bridge loans. Learn about the various expenses and how to accurately determine your total investment.
What Happens to HSA Funds When You Die?
Learn about the disposition of Health Savings Account funds upon an account holder’s death, covering inheritance rules and tax consequences.
Can You Move Your 401k to an IRA While Still Employed?
Discover the conditions and process for transferring 401k savings to an IRA even while actively employed, understanding tax impacts.
What Is Par Value of Shares and Why Does It Matter?
Uncover the historical purpose and current significance of par value in corporate shares, its accounting role, and how it differs from market price.
Is a VAT Number the Same as a Tax ID?
Clarify the distinct roles of VAT numbers and Tax IDs for businesses navigating domestic and international tax requirements.
How Long Does It Take a Charge to Show Up on Credit Card?
Demystify credit card transaction timing. Learn the journey of a charge from purchase to statement and understand common display delays.
What Is an OA-23 Patient Responsibility Denial Code?
Understand OA-23, the medical billing code for patient responsibility. Learn why you’re billed for care and how to effectively manage these healthcare charges.
Where Is the NAICS Code on a Tax Return?
Discover how to accurately identify and apply your business’s industry classification code on various tax forms for proper IRS reporting.
What Does POD Mean on a Savings Bond?
Understand the Payable on Death (POD) designation on savings bonds, explaining its role in beneficiary transfer upon death.
Are SWIFT and BIC Codes the Same? An Explanation
Explore the precise connection between SWIFT and BIC. Gain clarity on these key financial terms and their role in global money movement.
What Are DRS Shares & The Direct Registration System?
Understand direct share ownership (DRS) and how it differs from holding stocks through a brokerage account.
How to Calculate Days Cash on Hand (DCOH Formula)
Gain insight into a company’s financial resilience by evaluating its available cash against ongoing operational costs.
What Is QST Tax? How Quebec’s Sales Tax Works
Navigate the complexities of Quebec’s provincial sales tax. Gain a clear understanding of its structure, application, and compliance requirements.