15 May

Bookkeeping

What Is Withholding Tax and How Is It Calculated?

• June 13, 2025
• By Anjuman Urmi
• 0 comments

For example, someone who is self-employed may need to estimate their tax liability and make payments quarterly. Don’t forget that state...

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15 May

Bookkeeping

What is Federal Tax Withholding?

• June 13, 2025
• By Deshi Ponno
• 0 comments

If you are an employee, your employer probably withholds income tax from your pay. Tax may also be withheld from certain other income —...

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14 May

Bookkeeping

W2 Box 12 Codes Explained: Complete Guide for 2025

• June 13, 2025
• By Younus Shakil
• 0 comments

These nuances in Box 12 can lead to either tax savings or liabilities, depending on the nature of the reported item. It's a pivotal asp...

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14 May

Bookkeeping

General Instructions for Forms W-2 and W-3 2025 Internal Revenue Service

• June 13, 2025
• By C01FF 0822
• 0 comments

Report in box 3 elective deferrals to certain qualified cash or deferred compensation arrangements and to retirement plans described in...

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28 Feb

Bookkeeping

Accounting Rate of Return Formula + Calculator

• June 11, 2025
• By Anjuman Urmi
• 0 comments

An investment’s rate of return (RoR) is a measurement of how much it has gained or decreased in value when it's purchased at one point ...

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01 Apr

Bookkeeping

Easy Formula Steps On How To Calculate Common Stock

• June 10, 2025
• By C01FF 0822
• 0 comments

By understanding the proportion of common stock, investors can gauge the voting power and influence nonprofit statement of cash flows t...

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12 Jan

Bookkeeping

Capital vs Revenue Expenditure: Key Differences Explained

• June 10, 2025
• By Deshi Ponno
• 0 comments

In addition, the equipment must also be recorded within total assets on the balance sheet. Revenue expenditure refers to spending incur...

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11 Jan

Bookkeeping

Capital and revenue expenditures definition, explanation and examples

• June 10, 2025
• By Younus Shakil
• 0 comments

We have discussed some of the common revenue expenditures that businesses experience when they set up international operations. Effecti...

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26 Jun

Bookkeeping

Chart of Accounts: Definition, Setup & Examples

• June 10, 2025
• By Deshi Ponno
• 0 comments

The first three are assets, liabilities, and equity, which flow into the balance sheet. The remaining two are income or revenue and exp...

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23 Jun

Bookkeeping

What is a chart of accounts COA? Sage Advice US

• June 10, 2025
• By Younus Shakil
• 0 comments

It is not just another piece of financial paperwork but a critical element of strategic financial management and informed decision-maki...

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17 Aug

Bookkeeping

General Ledger vs General Journal: What’s the Difference?

• June 11, 2025
• By Deshi Ponno
• 0 comments

General journal accounting is called the book of original entry, where accountants record financial transactions of the business a...

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16 Aug

Bookkeeping

Full Disclosure Principle of Accounting Definition, Explanation, Examples

• June 11, 2025
• By Younus Shakil
• 0 comments

So as per the full disclosure principle, this $20,000 should be shown under late fees and penalties, clearly explaining the nature, whi...

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