The intuition here is that the company has an $800,000 reduction in taxable income since the interest expense is deductible. The tax benefits of private placement variable annuities for wealthy clients are drawing scrutiny and calls for a federal crackdown…
Category: Bookkeeping
Taxable Income vs Gross Income: What’s the Difference?
Gross income is what is used by lenders to determine how much they will allow someone to borrow for a loan, like an auto loan or mortgage. The lender will determine how much to lend based on the individual’s debt-to-income…
Bookkeeper Explore careers
Content Practical bookkeeping qualifications that lead to ICB membership and professional status. Bookkeeping qualifications for individuals already on the job: Bookkeeper Career Opportunity No Experience Bookkeeping Jobs in City of London, England, United Kingdom How to Start a Career as…
Accounting for Sole Traders, Sole Trader Accounts
Content How do I register as a Sole Trader? Recurring Invoices The pros and cons of being a sole proprietor Sole Trader Tax & Compliance Trying to flip between running a business and managing the accounts is a hard ask,…
Determining Which Cost Variances to Investigate
Content Experimental evidence on financial incentives, information and decision-making Want to Boost Your Team’s Productivity and Efficiency? Analysis of variance Standard Cost Variance Investigation FAQ & Tips Management Accounting Step 4: Compile Management Reports Cost variance formula- Standard Cost Variances…
Direct Write-Off Method for Uncollectible Accounts
Content The Direct Write off Method and GAAP Methods of Recording Bad Debt Write-off Overview: What is the direct write-off method? The Allowance Method for Uncollectible Accounts Bad Debt Expense How to reduce bad debts Botosan will probably pay back…
Journal Entries Examples Format How to Use Explanation
Content Visit the Bookstore T-Account: Definition, Example, Recording, and Benefits See All Columnists Andhra Pradesh forms XXVI Letter of Appointment Calculating Account Balances T- Account Recording Editorial Process To start modeling your finances and effectively operate your business, import your…
Break Even Point BEP Formula + Calculator
Contents: What do below the line costs look like? How to start a business with no money How to use the right performance metrics to make business decisions See advice specific to your business Importance of the Break Even Point…
What Are Accrued Expenses? And How To Manage Them
Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and behavioral finance. Adam received his master’s in economics from…
Financial Analysis Guide for Small Businesses
Content Contents of micro-entity accounts Appendix 6 – Republic of Ireland small abridged accounts SIC-29 — Service Concession Arrangements: Disclosures How to Calculate Retained Earnings – 3 Common Mistakes to Avoid How to reduce share capital of a company Study…