Understanding The Residual Income Formula
The residual income formula is a concept in managerial accounting which is used to determine and compare the performance of different units in a business. This formula measures the success of the each department against the minimum required rate of return.
Passion or Paycheck, Do You Really Have To Choose?
There are still others who go a few extra miles to claim that people hate their jobs simply because they are getting paid and the act of getting paid causes one to lose motivation. To some degree, that may be credible when it comes to the rigidity of expectations for paid work. However, not so much to the degree that it would cause one to simply hate his or her job just for being paid.
Why Hire An Accountant To Manage Your Taxes?
There are many instances in life in which we are faced with the choice of attempting to do something ourselves, or seeking the help of a professional. Now while the decision might be made easier when considering whether to attempt a spot of home DIY yourself - as after all, a wonky shelf or crooked door are not necessarily costly disasters - the decision becomes a little trickier when contemplating filing your tax returns. Completing and filing them yourself, naturally means avoiding paying for the services of a tax accountant, but if submitted late or incorrectly, the cost to you, may well outweigh that of an accountant.
Why Borrowing From Your Payroll Taxes Is a Bad Idea
You run a small to midsize business. For some reason, your cash flow has turned negative, and you don't have enough money to pay your payroll taxes. In these situations, you may be tempted to pay only the net salary to your employees and skip paying Uncle Sam's share altogether.
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