If the tax is not paid on or before March 1, the state imposes a $200 late penalty, plus a monthly interest fee of 1.5%.
If price setting is too low or too high, it can result in lost sales or lost profits. Over time, a company’s price setting can
The debits for each transaction are posted on the left side while the credits are posted on the right side. In this example, the column
In essence, EOQ is a tool used to determine the volume and frequency of orders required to satisfy a given level of demand while minimizing
Neglecting bookkeeping can result in tax issues, financial mismanagement, and even business failure. By diligently maintaining financial records, self-employed hairdressers can secure their financial future,
If you’re a single freelancer, you won’t need to manage any other employees, and you won’t need to track many sales (if any) – so
These costs remain the same regardless of how much production a company undertakes. A fixed cost is a business expense that normally doesn’t change with an
Budgeting is a very important aspect of the accounting process of the business. Dealing with a single organization for your financial needs is also far
The Illinois K-12 education expense credit can knock up to $750 off of your tax bill if you spent more than $250 on qualified education
Additionally, it can provide peace of mind knowing that your deposits are properly managed. Keep in mind, however, that a mobile deposit processes checks, not
