How Does RMD Work for Married Couples?
Managing RMDs as a couple means knowing how the IRS views your accounts individually and the special considerations that apply to your marital status.
Investment and Financial Markets
What Is Inventory Overhead and How Do You Calculate It?
Understand how indirect production costs are calculated and applied to inventory, a critical step for accurate asset valuation and gross profit reporting.
Tennessee’s Alcohol Tax: Rates and Requirements
A guide to Tennessee’s alcohol tax structure, clarifying the distinct state and local tax responsibilities for businesses at every level of distribution.
Accounting for Trusts and Estates: Roles, Asset Valuation, and Distributions
Learn how to manage trusts and estates with accurate asset valuation, proper allocations, tax considerations, and effective distribution to beneficiaries.
Do You Pay Property Taxes the First Year After Buying a Home?
Learn how property tax responsibilities are handled after buying a home, including prorated payments, billing timelines, and local assessment differences.
Bank Stress Testing Models: Approaches, Data, and Model Validation Explained
Explore how banks design, validate, and refine stress testing models to assess financial resilience, meet regulatory standards, and manage evolving risks.
Gross Settlement vs Net Settlement: Key Differences, Uses, and Reconciliation
Understand how gross and net settlement methods impact transaction processing, liquidity management, and reconciliation practices in financial systems.
Advantages of Budgeting: How Budgets Improve Financial Management
Discover how effective budgeting strengthens financial management by improving clarity, accountability, fund allocation, and performance tracking.
What Is CA W/H on My Paycheck and How Does It Affect Your Pay?
Learn what CA W/H means on your paycheck, how it’s calculated, and how adjustments or exemptions can impact your take-home pay in California.
Federal Taxes (941/943/944): Filing Requirements and Key Details for Employers
Understand employer obligations for Forms 941, 943, and 944, including filing requirements, reporting details, deadlines, and submission methods.
How to File 990-N for Prior Years: Steps and Requirements Explained
Learn how to properly file overdue 990-N forms, including eligibility, required documents, filing steps, and how to address common errors.
Cash Receipts Journal: How to Record and Track Cash Transactions
Learn how to accurately record, organize, and review cash transactions using a cash receipts journal to support clear financial reporting and decision-making.
Agreed Upon Procedures: What They Are and How They Differ From Audits
Learn how agreed-upon procedures offer targeted financial insights, how they differ from audits, and what to expect in terms of scope, process, and reporting.
What Does ITF Mean on a Bank Statement? Account Ownership Explained
Learn what ITF means on a bank statement, how it impacts account ownership, and what to consider when managing or updating beneficiary designations.
Modified Taxable Income: What It Is and How to Calculate It
Learn how modified taxable income is determined, why it matters for specific tax situations, and the key adjustments that impact its calculation.
How Do Banks Make Money? Key Revenue Streams Explained
Discover how banks generate revenue through lending, fees, investments, and services, balancing risk management with customer financial needs.
Cost of Capital Formula: Key Components and How to Calculate It
Learn how to calculate cost of capital by understanding its key components, improving financial decision-making and evaluating investment opportunities.
MESP Withdrawal Rules: What to Know Before Taking Money Out
Understand the key rules, tax implications, and procedures for withdrawing funds from a Michigan Education Savings Program (MESP) account.
Can You Max Out a 401k at Two Different Jobs? Rules and Limits Explained
Learn how 401(k) contribution limits apply when you have multiple jobs, and how to manage contributions across different plans to stay compliant.
Joint Venture Accounting: Structures, Asset Recognition, and Reporting
Learn how joint ventures are structured, how contributions and profits are recognized, and how financial reporting reflects shared business activities.