joresphilippe

Paying FICA taxes is mandatory for most employees and employers under the Federal Insurance Contributions Act. If you own a business, you’re responsible for paying Social Security and Medicare taxes, too. Self-employed workers are referred to as real estate cash flow SECA taxes (or self-employment taxes) based on regulations included in the Self-Employed Contributions Act. FICA

Jitasa’s monthly church bookkeeping and accounting service plans are tailored to complement your internal resources. Our all-inclusive plans and attention to detail will provide peace of mind so you don’t need to worry about hours, overages, or limitations on services. We are the most advanced, all-in-one fund accounting platform and financial management suite on the

Understanding the difference between cash basis and accrual basis accounting is fundamental for business owners and accounting departments. We’ll explore the key differences between the two methods as well as the advantages and disadvantages of both methods. Other common examples of prepaid expenses include rent, software subscriptions, and maintenance contracts. These expenses are considered current

Following the simple procedure described in this article, you’ll be able to make your reconciliation process smoother. First, reconcile your bank accounts to make sure you have recorded all cash basis accounting: explain examples, contrast with accrual the deposits you have made. Once you have determined all deposits have been recorded properly, open the Bank