What is a W2 Employee?
When you have a W2 contract, your employer deducts taxes from your pay and sends them to the government. This eliminates uncertainty during tax season and guarantees that you won’t …
How to Find the Best Virtual Bookkeeping Service for Your Business
Monthly fees come with benefits on both sides, providing reliable income for the bookkeeper and predictable bookkeeping expenses for their Legal E-Billing clients. Starting a virtual bookkeeping business is an …
Reversing Entries Explained via Examples Accounting Cycle
The accounting equation is also the framework of the balance sheet, one of the main financial statements. The four remaining classifications of accounts are referred to as income statement accounts …
How to scale a business: 4 signs youre ready + 7 tips for scaling effectively
The pitching process means having a solid plan (which is why a business plan was the first step) and fielding question after question from potential investors. Expect some ups and …
Operating Expense Definition, Formula Calculate OPEX
Below is an in-depth analysis of how these two cost types differ across various aspects. Operating cost analysis plays a significant role in mitigating financial risks and ensuring the organization …
ATO Effective Lives 2025 Find the Useful Life of an Asset
In February 2024, Make & Sell sells the machine that cost $8,200 to an unrelated person for $9,000. Expensed costs that are subject to recapture as depreciation include the following. …