While it’s definitely not the most common way of conducting an eCommerce business, drop shipping can be part of a very lucrative business model. If you have nexus in a state, you need to register for a sales tax permit and set up your channels to start collecting sales tax from your customers there. If … Devamını oku…
The disclosure should include a description of the nature of the contingency, an estimate of the possible loss, and the likelihood of the loss occurring. Product warranties are often cited as a contingent liability that meets both of the required conditions (probable and the amount can be estimated). Product warranties will be recorded at the … Devamını oku…
Consignment inventory refers to goods transferred from a company to another party while still holding its risks and rewards. Similarly, ABC Co. must record the transfer of its inventory to customers, which marks a transfer of risks and rewards. The responsibility for collecting and remitting sales tax typically falls on the consignee, as they are … Devamını oku…
The Internal Revenue Service began accepting returns from taxpayers on Jan. 27. There are a few reasons why your federal refund may be delayed. One of the most common culprits is submitting a return that contains an error, such as the wrong Social Security net sales number or incorrect direct deposit information. The IRS could also be holding … Devamını oku…
In theory, an independent contractor is someone who is in control of the conditions of their employment and is paid for the product of their services that are produced independently. Avoid costly errors and gain valuable financial insights with 1-800Accountant’s professional support. If you are going to be acquired by a publicly-traded company for hundreds … Devamını oku…
As the venture capital ecosystem in New York has outsource bookkeeping solutions grown, so has Kruze’s NYC client base. Per PitchBook data, New York City startups continue to raise ever-bigger amounts of VC funding at ever higher and higher valuations. A qualified tax CPA like Kruze can likely help these companies save millions per year … Devamını oku…
And that title shortening is a result of the other key change to Form W-4. The value of these allowances were, in part, based on personal exemptions. From an employee perspective, Form W-4 allows your team to control the amount of income tax that’s withheld from their paychecks. Step 4a: Other Income If you prefer … Devamını oku…
The manual processes that were fine when you were small but now won’t let you move fast enough. You’ll either be putting out fires or desperately trying to keep your head above water. As a small business, you must also prioritize managing the how to scale a business quickly customer lifecycle. Master traffic and sales. … Devamını oku…