Category: Bookkeeping

Unlike reissuing, retired shares cannot be resold or reintroduced to the market. This decision reduces the total number of outstanding shares, impacting key financial metrics such as earnings per share (EPS) and book value per share. Reissuing treasury stock means selling the repurchased shares back into the market. This ensures that financial records accurately reflect… Continue reading Investment In Bonds Journal Entry

Firms risk low adoption rates, workflow disruptions, and wasted resources without a structured approach. Originally built as a tax resolution platform, Canopy has evolved into a full-fledged practice management solution with workflow automation, client management, and billing capabilities. Setting up accounting workflow software requires initial configuration, integration, and team adaptation. The time and effort needed… Continue reading Online Accounting Software for Your Small Business

For info on 2011 federal income tax and federal tax refunds, visit the federal income tax and federal tax state income tax rates refund pages. Even beyond any question of how much services to individuals indirectly benefit corporations, the apportionment of burdens across corporations would be almost completely disconnected from that benefit. If, for good… Continue reading United States Income Taxes Ranked by State

This approach to calculating variances facilitates comparison of like with like. Hence, we can compare the actual expenditure incurred during a period with the standard expenditure that ‘should have been incurred’ for the level of actual production. Similarly, actual sales revenue can be compared with the standard revenue that ‘should have been earned’ for the… Continue reading What is Variance Analysis: Types, Examples and Formula

If you’re currently a sole trader, they may inform you that you’d be wise to switch to a limited company set-up. Aside from moving liability away from your personal finances, this can sometimes also help cut costs and increase your profitability. You may have heard of Making Tax Digital (MTD) – this is the new… Continue reading Do I Need A CPA For My Small Business?

Wave offers two plans based on the state in which you operate your business. If you operate in one of the 14 states in which Wave offers tax services, you will pay a higher base monthly rate to take advantage of these services. All other states must remit payment and file their taxes themselves and… Continue reading 7 Best Payroll Software for Small Business Users