What Is a Liquidity Ratio and How Is It Calculated?
Go beyond profit to evaluate a company’s ability to meet its immediate financial duties. Learn to interpret the relationship between assets and liabilities.
Business and Accounting Technology
Can I Still Amend My 2021 Tax Return?
Learn the IRS guidelines for amending a past tax return. This guide covers the timeline and steps for correctly updating your 2021 filing for errors or missed benefits.
Is It Too Late to File Your 2023 Taxes?
Navigating a late 2023 tax filing is manageable. Get a clear overview of what to expect financially and the steps to complete your return correctly.
Are K-1 Portfolio Deductions Deductible?
Understand the tax implications of K-1 portfolio deductions. Current rules create different outcomes for investment expenses and interest on your return.
Can You Use 529 Money to Buy a House?
A 529 plan has specific rules that distinguish qualified student housing from a home purchase. Learn the financial implications and strategic alternatives.
What Is Considered a Cash Equivalent?
Learn how low-risk, short-term investments are used on the balance sheet to provide a clear view of a company’s immediate financial health.
What Taxes Does an LLC Pay in Texas?
A guide to the tax responsibilities of a Texas LLC, explaining how federal entity choice and state regulations shape your overall tax obligations.
How to Pay Your California State Taxes Online
Understand the official process for paying California state taxes online, from preparing your information to ensuring your payment is securely submitted and verified.
The Federal Oil Spill Tax: Who Pays and How to Report It
Understand the financial and procedural requirements of the federal oil spill excise tax, a key funding source for the Oil Spill Liability Trust Fund.
Moving Money From a Traditional IRA to a Roth IRA
Explore the tax considerations and procedural requirements for moving funds from a Traditional IRA to a Roth IRA, a permanent and strategic retirement decision.
How to Use the IRS MACRS Depreciation Tables
Understand the steps for applying IRS MACRS depreciation tables to properly calculate and report your annual tax deductions for tangible property.
Should I Contribute to a Roth or Traditional 401(k)?
Your 401(k) choice depends on your current versus future financial standing. Learn how to evaluate the trade-offs between Roth and Traditional contributions.
What Is the Best State to Live in for Tax Purposes?
The best state for taxes depends on your personal finances. This guide offers a framework to look beyond single tax rates and evaluate your total financial impact.
ASC 710: Accounting for Compensated Absences
Explore the accounting principles of ASC 710, which governs when and how a company must accrue a liability for employee compensated absences.
Can You Get a Stimulus Check Without Filing Taxes?
U.S. government stimulus payments were available to those who don’t file taxes. Find out how to retroactively claim any funds you may be owed by the IRS.
Who Pays the St. Louis City Earnings Tax?
Clarifying the St. Louis 1% earnings tax. See how your residency, place of work, and income type determine your specific tax obligation.
Can You Put a Lump Sum Into a Roth IRA?
Depositing a large sum into a Roth IRA involves specific rules that differ from standard annual deposits. Learn how the source of your funds impacts your options.
Dependent Care FSA Contribution and Income Limits
Learn how statutory maximums and your earned income interact to define the actual contribution limit for your Dependent Care FSA each year.
Employer Reimbursement for Tuition: Tax Rules
Explore the tax framework for employer-paid education. Understand how program design determines if assistance is tax-free for employees and deductible for the business.
How Taxes on Retirement Withdrawals Work
Understand the tax rules for accessing your retirement savings. This guide covers how account types, timing, and other factors influence your withdrawal’s tax impact.