ContentProblems with the Multi-Step Income StatementHow to Prepare a Multi Step Income StatementBusinessSingle-Step vs. Multiple-Step Income Statements: An Overview The multi-step income statement includes multiple subtotals within the income statement.…

ContentNeed Help with Handling the Payroll for Your Business?Voluntary deductionsYour personal income taxesEditorial Independence Simply multiply their normal hourly wage times a factor of 1.5. Similarly, the rate itself may…

ContentWhat are employer shared responsibility provisions?What is Full Time Equivalent (FTE)?Calculating FTE ManuallyHow to Calculate the Full Time EquivalentWhat Is FTE & How to Calculate It For the most accurate…

ContentHow to Pay Self-Employment and FICA TaxComputing of SECA Using the Regular MethodSocial Security TaxUnderstanding the Self-Employed Contributions Act (SECA) TaxComputing SECA Tax Using the Regular Method The self-employed person…

ContentOhio Enacts Pass-Through Entity TaxOutsourced vs. In-House Lease Accounting: Which is Best for Your Company?Example of lease accounting for escalating rent paymentsJournals entries in relation to a finance lease However,…

ContentOutsource Your Bookkeeping NowTip 5: Use milestone paymentsOther ContractorsTip 6: Choose the right revenue recognition methodAccount ReceivableIndependent Contractor Accounting Services These relationships can be beneficial between companies, but they complicate…