New York is known for its high cost of living, and the tax burden plays a significant role in what it costs to live there. Like all aspects of tax filing, filling out Tax Form 4868 can be a bit… Estate Tax, Death Tax and Inheritance Tax Explained Understanding the […]

Strong bookkeeping practices are essential for any thriving construction company, and navigating the unique financial challenges of this industry is critical. Our accounting experts at Whyte CPA share some top tips to keep your construction bookkeeping on solid ground. If you’re looking for a bookkeeping service for construction companies and […]

Lastly, one can evaluate the structural composition of items from the company’s financial statements – for example of assets, liabilities, expenses etc. Vertical analysis helps analysts and stakeholders understand the composition of financial statements, identify trends, and evaluate the relative importance of line items within those statements. The information will […]

Expertise Accelerated is a well-established accounting outsourcing company, functional since 2021, that benefits businesses of all kinds. They deliver services like tax services, payroll processing, bookkeeping, and financial reporting. The company focuses on customer satisfaction and delivering accurate, and reliable accounting services. Why Do Law Firms Need to Outsource Accounts […]

Under the accrual basis of accounting, the Interest Revenues account reports the interest earned by a company during the time period indicated in the heading of the income statement. Interest Revenues account includes interest earned whether or not the interest was received or billed. Interest Revenues are nonoperating revenues or […]

As a result, the additional benefits participants receive may not align with the Plan’s reported funded percentage. For example, a plan that reports 80 percent funding based on its own calculations does not mean its participants will receive 80 percent of their vested benefits. Pension plans can often involve annuities, […]

These are behavior and thinking patterns we have been taught from our past interactions with our parents and other authority figures (teachers, grandparents, etc.). In the same way, Berne believed that our childhood experiences, particularly how we are parented, affect the developmental formation of our three ego states (Parent, Adult, […]

The more times theinterest is compounded within the year, the higher the effective annual interest rate will be. Looking back at our example from above, if we were to contribute an additional $100 per month into our investment,our balance after 20 years would hit the heights of $67,121, with interest […]

This section includes current liabilities, such as accounts payable and short-term debt, and long-term liabilities like bonds payable and lease obligations. The common size balance sheet formula converts traditional financial statements into a comparative format by dividing each line item by total assets and multiplying by 100. A common size […]

Deciding whether to outsource bookkeeping is a significant decision that can profoundly impact your business’s efficiency, cost management, and overall financial health. Back-office service provider Pilot focuses on financial outsourcing, including bookkeeping, controller services, and CFO services. It has partnered with popular companies like OpenAI, Airtable, Scale, and Lattice. When […]