FICA and SECA taxes do not fund Supplemental Security Income (SSI) benefits, even though that particular program is run by the Social Security Administration (SSA). The Self-Employment Contributions Act (SECA) of 1954 requires the self-employed to pay taxes on their net earnings…
Previously, Sandie was a Professional Accounting Fellow in the Office of the Chief Accountant at the U.S. Cloud accounting provides real-time business visibility, easy-to-create dashboards, and comprehensive financial consolidation. It streamlines expense report submission and approval, leading to increased cash…
NPOs are responsible for keeping detailed records of their donations, funding sources, and earnings. Without meticulous recordkeeping, NPOs can be subject to audits, fines or other legal consequences. Nonprofit accounting features enable NPOs to fully manage their sources of funding,…
Without thoroughly understanding your numbers, you can’t project your business’s future success. Having an eCommerce accounting system in place enables you to plan for the future confidently. Let us know and we’ll pinpoint specific ways you can save money and…
Because the depreciation process is heavily rooted in estimates, it’s common for companies to need to revise their guess on the useful life of an asset’s life or the salvage value at the end of the asset’s life. Accumulated depreciation…
The Xbox Game Bar will appear at the top of your screen. One of the best parts about owning an Apple computer is the massive ecosystem of superb Mac apps it gives you access to. There are apps available to…