How to calculate excise tax in North Carolina (NC)
A complete guide on North Carolina (NC) excise tax, covering everything from how to calculate the tax to what exemptions may be available and much more.
Joe Harris
How to file Shipt taxes: A guide (2024)
From understanding deductible expenses to navigating complex tax regulations, our detailed walkthrough ensures you stay compliant with Shipt taxes.
How is PTO payout taxed: A guide (2024)
A comprehensive guide on how is PTO payout taxed. It covers everything from the federal and state/local tax laws to the types of PTO payouts and much more.
Cash Accounting vs Accrual Accounting: A Guide for Software Company CFOs
As a Chief Financial Officer (CFO) of a software company, it’s important to understand the difference between cash and accrual accounting methods. Both methods are used to keep track of a company’s financial transactions and provide an accurate picture of a company’s financial health. However, the results obtained from each method can be quite different,… Continue reading Cash Accounting vs Accrual Accounting: A Guide for Software Company CFOs
What is SG&A and why is it important?[with case studies]
Selling, General, and Administrative Expenses, commonly known as SG&A, represent a crucial financial metric that plays a pivotal role in assessing a company’s operational efficiency and overall financial health. SG&A encompasses a broad spectrum of costs associated with the day-to-day operations and management of a business, excluding direct production expenses. Understanding SG&A is essential for… Continue reading What is SG&A and why is it important?[with case studies]
What is 1099?
A 1099 is a tax form that is used to report various types of income received from non-employee sources. This income may come from freelance work, rentals, investments, or other sources. If you have received a 1099 form, it means that you received more than $600 in non-employee income during the tax year. The form… Continue reading What is 1099?
How to Find Loopholes in a Non-Compete Contract
A non-compete contract, also known as a non-compete agreement (NCA), is a legally binding contract in which an employee agrees not to enter into competition with their employer during or after employment. The purpose of a non-compete contract is to protect a company’s business interests, such as trade secrets, client relationships, and proprietary information. Small… Continue reading How to Find Loopholes in a Non-Compete Contract
SaaS Revenue Recognition
Revenue recognition for SaaS (Software as a Service) startups refers to the process of determining when to recognize or report the revenue generated from the sale of a SaaS product. For SaaS startups, revenue recognition can be challenging because payments for the software may be received in advance, spread out over time, or deferred until… Continue reading SaaS Revenue Recognition
What is Taxable Income? Calculating Your Tax Credits
Taxable income is the amount of income used to calculate how much tax an individual or business owes to the government. For small business owners in the US, understanding taxable income is crucial for managing finances and complying with tax laws. Here’s a breakdown of what constitutes taxable income for small business owners What Constitutes… Continue reading What is Taxable Income? Calculating Your Tax Credits
What is Accounting Marketing and how is it useful for you?
As a small business owner, you know that accounting is crucial for the success of your business. But have you ever thought about how marketing plays a role in your accounting practices? Accounting marketing is a strategic approach that combines accounting expertise with marketing techniques to attract and retain clients, ultimately driving business growth. Understanding… Continue reading What is Accounting Marketing and how is it useful for you?