Bookkeeping

In order to calculate the depreciation tax shield, the first step is to find a company’s depreciation expense. Keep reading to learn all about a tax shield, how to calculate it depending on your effective tax rate, and a few examples. The ability to use a home mortgage as a tax shield is a major […]

Selling, general, and administrative (SG&A) expenses are usually put under this category as a separate line item. The cost of goods available for sale or inventory at the end of the second quarter will be 220 remaining candles still in inventory multiplied by $8.65, which results in $1,903. This is the advantage of using the […]

You also need to calculate your gross payroll and total payroll costs as part of your cost of goods sold and overhead costs. The primary component is the base pay—either the hourly wage or the salary—that the employee earns for the work performed during https://www.quick-bookkeeping.net/ a specific pay period. In addition to this, overtime pay—a […]

Finally, boring and arduous as it might seem, it’s necessary to make a schedule for regular bookkeeping activities and stick to it. Being consistent is the key to efficient and impeccable bookkeeping. Budgeting and Financial Forecasting for Interior Designers Once you have selected your bookkeeping software, the next step is to set up a chart […]

At 175 units ($17,500 in sales), Hicks does not generate enough sales revenue to cover their fixed expenses and they suffer a loss of $4,000. What this tells us is that Hicks must sell 225 Blue Jay Model birdbaths in order to cover their fixed expenses. In other words, they will not begin to show […]

While not always advisable, you may be able to sell your life insurance policy to a third party for cash. An insurer may normally delay the payment of a cash value for up to six months after a policy is surrendered, according to standard nonforfeiture laws in the U.S. You might take out a life […]

The break-even point is the number of units that you must sell in order to make a profit of zero. You can use this calculator to determine the number of units required to break even. If the price stays right at $110, they are at the BEP because they are not making or losing anything. […]

If an out of state customer comes to your state to make the purchase, you can collect tax on that. You should, however, consult your local law, as your area may be different. This calculator’s genesis occurred as Tibor navigated the labyrinth of sales tax implications on business models and consumer purchases. What states don’t […]

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By following these steps, you can easily convert indirect speech into direct speech. In the above example, “tomorrow” changes to “the next day” in indirect speech. In the above example, the pronoun “I” changes to “he” in indirect speech. You can recognize a direct speech instantly because it has a text enclosed in a set […]