Bookkeeping

What is the difference between “Form Controls” and “ActiveX Control” i These include medical expenses exceeding 7.5% of your AGI, state and local taxes (SALT) up to a $10,000 limit, home mortgage interest, and gifts to charity. Your financial situation determines which schedules you must attach to your Form 1040. These factors ensure the IRS […]

What is Direct Write-off Method and Process of Allowance Method? It results in inaccuracies in revenue and outstanding dues for both the initial invoice accounting period and the accounting period after it is designated as a bad debt. The direct write-off method is a method of accounting by which the accounts receivables are. This is […]

Tax on Final Dividend 2021-22 South Africa’s DTAs typically follow the OECD Model Tax Convention, and many incorporate updated provisions from the Multilateral Instrument (MLI), which narrows common avoidance strategies and expands the scope of PE risk. As there has been a massive increase in South Africans ceasing residency to avoid the change in legislation, […]

Other types of liabilities, such as federal and state corporate income taxes, will depend on the company’s operations and profitability. It shows how much your company owes to creditors and suppliers for products or services you’ve already used. Accounts payable can also cover regular credit agreements you have with suppliers, and they usually show up as […]

It can assess if customers were responsive to discounts, their purchasing habits, and if they returned any items. By contrast, the perpetual system keeps track of inventory balances continuously, with updates made automatically whenever a product is received or sold. Hence, the ledger tally accounts for purchases, and transactions are not kept running. FIFO means […]

The 8 Steps in the Accounting Cycle The total amount you debit must always equal the total amount you credit. Each tracks money flowing into or out of accounts differently. The total value debited must always equal the total value credited. How To Calculate Total Liabilities: From Start to Finish Learning the steps of the […]

node js How to downgrade node version? A thing becomes deprecated because someone says it is — it is prescriptive. Deprecate, in the context of IT, makes no sense at all, unless you’re putting down someone’s performance or work or product or the fact that they still wear parachute pants. You obsolete something because its […]

EFT payments are usually super easy to make — and require little effort to receive. The ATM terminal will initiate the transfer from your account, and inform your bank you’ve taken the cash. Once a payment is initiated, messages are passed on through digital routes to move money from one electronic funds transfer account to […]

As well as being a handy way to get paid, EFTs are commonly used to make one off and recurring payments, like your rent, utilities or subscriptions. 45% of Wise payments arrive instantly, and almost all are deposited within 24 hours, meaning you can save time as well as money compared to using your normal […]

Typically, EOM is added in brackets such as EOM or (EOM) after the subject line. It has gained popularity as an efficient way to communicate a brief and straightforward message without the need for the recipient to open the email for further details. As we approach the end of the month, I wanted to share […]