Tax season is the time of the year when every individual, employer, self-employed person, business entity, etc., is gearing up to file their tax returns. The next stage of the tax filing is waiting for the rebates and refunds you claimed in your tax return. And the wait is only worth it if you have …
Ultimate Guide to Request Your W2 Form: Everything You Need To Know! Read More »
The tax filing season will require a lot of work if you recently switched your job or have just started your first job. You will have to review several documents to update them and might have to learn a lot about tax filing. Besides, the revisions made by the IRS for tax filing are also …
List of Allowances You Could Claim on Form W-4 (The Completed Guidance) Read More »
Companies commonly arrange a condensed financial statement along with the customary financial statements. The core groundwork on these documents serves various legal commitments and is usually associated with an episodic audit. Nevertheless, except for substituting comprehensive financial statements, condensed financial statements turn out to be the additional documents or authentic supplementary papers essential during the …
Definition A transferable letter of credit can be described as a financial guarantee that one of the parties will transfer all or a part of the credit they have to the other party. Letters of credit are seen as protecting covenants that ensure that payment is made to the supplier of those particular goods and …
Transferable Letter of Credit – Definition, Key Feature, and More Read More »
Definition Opportunity cost is the potential benefit a company or investor buyer may have gotten had they chosen this opportunity over others. It means how much of a potential benefit or gain in investment is missed by a person had they not skipped that opportunity. Opportunity cost is a term that plays a major role …
Opportunity Cost: Definition, Formula, Example, and How Does It Work? Read More »
Accounting is a very diverse field, but unfortunately, it has been tied to being a tax-oriented field in past decades. Many other things have been attached to the reputation of accountants and accounting jobs. There are a lot of myths about accountants that are not true at all. Pursuing and holding an accounting degree is …
Is Accounting Fun Or a Boring Job? Reasons To Love Your Job As An Accountant Read More »
What Are Dividends? Dividends are a share in a company’s profits paid to shareholders. These payments may come directly from its profits during a year or from retained earnings. Usually, dividends come in the form of cash. But it may also cover share distribution or other benefits. Regardless of how investors get paid, dividends include …
Does a Dividend Reduce Profit? (The answer is “No”) Read More »
No business entity operates without having credit purchases and credit sales. Credit purchases and credit sales give rise to account payables and account receivables. Both accounts are recorded on the balance sheet of the business entity and are integral to the business operations. Account receivables(AR) and account payables(AP) are significant for internal accounting and external …
Accounts Receivable Vs. Accounts Payable: What are the Key Different? Read More »
The right marketing tools and strategies ensure the success of your business and generate an enormous amount of leads. Besides referrals, there are many other marketing tactics for financial advisors. In the technology-driven world, it has become essential to utilize digital marketing strategies. Your main focus should be converting users searching for financial services sites …
4 Marketing Strategies for Financial Services that Can Help Get New Clients Read More »
Introduction In the modern-day age, informational asymmetries are pretty non-existent. Coupled with increasing awareness regarding acts and policies of the company, there has been upward pressure on companies that have forced them to do better in terms of meeting the respective KPIs and ensuring that they can comply with their social policy that can extrapolate …
