Bookkeeping

Any overpayment can be applied toward the next quarter or received as a refund. The choice is indicated by checking the appropriate box on Line 15. After you file your first Form 941, you are required to file a return for each quarter, even if you don’t have any payroll taxes to report. You can […]

The weekly payroll processing will result in a credit of $100 to Advance to Employees (thereby reducing the amount that is credited to Cash). Accounts payable is typically one of the largest current liability accounts on a company’s financial statements, and it represents unpaid supplier invoices. The payroll advance is in effect a short term

Figure out who your target market is and what they want, then craft a plan to reach them through the most effective channels. Many startups and small businesses that seem like overnight successes are actually the product of months, or even years, of incremental work. Resist the temptation to scale based on projections alone and,

Executive salaries, clerical salaries, office expenses, office rent, donations, research and development costs, and legal costs are administrative costs. Now let’s look at a hypothetical example of costs incurred by a company and see net sales if such costs are period costs or product costs. Variable period costs can be more challenging to predict and