Content What is General Ledger Accounting General Ledger Account Numbering Example of a general ledger entry What do general ledgers tell you? When are taxes due for businesses? Therefore, the other side of this transaction would be your asset account, Checking. Your expense account was increased and your checking account was decreased. In that case, […]

Content Additional Medicare tax key tax deductions for your small business What are estimated quarterly tax payments? Tax deductions available for self-employment Fiverr Workspace’s self-employed tax estimator takes all of the above into account, when working out your estimated self-employment tax. Your full amount of net earnings is, however, subject to the Medicare tax. LLCs […]

Content What California Landlords Need to Know About Paying Live-in Resident Managers Free Tax Hiring the Right Onsite Manager Unfiled Tax Returns How to Survive a High Stakes Tax Audit: A Comprehensive Guide For some owners and operators, the higher costs would reduce their profits, but they still could operate at current levels without closing […]

Content Accrual Based Accounting: Choose your accounting methodology Understanding Assets, Liabilities, and Equity When Balancing the Books The Beginner’s Guide to Bookkeeping Should you use accounting software for your bookkeeping? Open a separate business checking account to run all business transactions through. While this may seem like a basic step, you must understand two things. […]