If you can’t separate duties between two people, use an outsourced service to do the bank reconciliation and check the audit trail report. Just the threat that someone is looking over your ‘trusted’ employee is enough to help deter theft. No system of internal controls will prevent all theft, but without proper separation of …
The terms and conditions of lease agreements can be complicated and difficult to understand. Educating yourself about the intricacies of car leases will avoid unhappy surprises later.
So if you like your car and it’s in good condition, it may make sense to purchase it when the lease ends. “You should very carefully consider …
Federal income tax is usually the largest tax deduction from gross pay on a paycheck. It is levied by the Internal Service Revenue in order to raise revenue for the U.S. federal government. While individual income is only one source of revenue for the IRS out of a handful, such as income tax on corporations, payroll tax, and estate tax, it is …
All that changed over that time was whether it was being powered by human strength, animals or water wheels. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices.
We now have over half a dozen VA team members and looking to bring more …
The OECD reported that the U.S. tax wedge for the average single worker decreased by 1.4 percentage points from 29.7% in 2019 to 28.3% in 2020, which is still less than the OECD average for all countries—34.6% in the same year. Meanwhile, the take-home pay of an average single U.S. worker, after tax and benefits, was 77.6% of their gross …
The cash budget is prepared after the operating budgets and the capital expenditures budget are prepared. The cash budget starts with the beginning cash balance to which is added the cash inflows to get cash available. Cash outflows for the period are then subtracted to calculate the cash balance before financing. If this balance is below the …