What Is a Suspense Account?

Ideally, a business will have a zero balance in the suspense account—or no suspense account listed—in its financial statements. Global and regional advisory and consulting firms bring deep finance domain expertise, process transformation leadership, https://www.bookstime.com/articles/what-is-noncumulative-preferred-stock and shared passion for customer value creation to our joint customers. Our consulting partners help guide large enterprise and midsize […]

Independent Contractor Self-Employed or Employee? Internal Revenue Service

Working with their service was efficient, effective and made me feel in control. Thank you so much and should I ever need attorney services down the road, I’ll certainly be a repeat customer. Wilberforce Agyekum is an attorney with 16 years of experience practicing in areas of contracts, immigration, and criminal law. Wilberforce received a […]

Accounting basics: 36 terms to know in 2023

Accountants record and analyze these transactions to generate an overall picture of their employer’s financial health. Overhead (O/H) costs describe expenses necessary to sustain business operations that do not directly contribute to a company’s products or services. Examples include rent, marketing and advertising costs, insurance, and administrative costs. If you can read and prepare these […]

What Does a Pharmacy Accountant Do?

Content What are the Different Types of Certified Accountants? Podcast: Tips For When You’re Ready To Sell Your Pharmacy What Are The Benefits Of Outsourcing Bookkeeping In The Pharma Industry? Bookkeeping Software Built for Your Pharmacy SOFTWARE EXPERTISE Many tax changes and developments have transpired since the pandemic and the inauguration of President Biden. This […]

S Corp to LLC Conversion Must-Knows

Content Minimizing Tax Liability Navigating Startup Investing Taxes: The Comprehensive Guide for Investors Advantages of an LLC Final Steps to Completing the Transition to C Corp What is your “inside” tax basis capital account and “outside” basis for the LLC investment? One of the main criteria to convert LLC to S corp is to have […]