Categoría: Bookkeeping

C corporation excise tax filers, including insurance companies, pay the minimum tax or calculated tax, whichever is greater. C corporation income tax filers pay calculated tax (if any), but not minimum tax. Foreign insurers and domestic insurers controlled by foreign insurers are required to file insurance excise tax returns separately. If a corporation is not doing business in Oregon, but has income from an Oregon source, they generally must file an income tax return. Income tax fil­ers are not subject … Continue reading “Oregon State Income Tax Rates and Brackets for 2025 Explained”

A variable cost is a type of expense that changes in direct proportion to a company’s level of production or sales volume. When output increases, total variable costs rise; when output decreases, they fall. Examples include raw materials, direct labor, and sales commissions. Unlike fixed costs, variable costs fluctuate with business variable cost definition economics activity, making them essential for break-even and cost-volume-profit analysis. Variable costs are expenses that change in direct proportion to the level of production or sales … Continue reading “Variable Cost: Meaning, Formula, Types and Importance”

Investors and VCs will ask for historical financials, revenue recognition practices, legal and tax compliance, how you manage expenses and contracts, etc. We offer a free initial consultation to business owners to help you develop a plan specifically tailored to you. This breadth of experience helps founders navigate complex questions around pricing strategy, forecasting, costs, hiring plans, and expansion timing. Running a startup means juggling operations, clients, and growth all at once. Real Cost Comparison The startups are also sometimes … Continue reading “Outsourced Accounting Firm: Services, Costs & How to Choose”

They also accept ACH payments at 1% per transaction, with a $1 minimum fee. Wave’s payment processing is a bit more complicated than other platforms. Wave’s flat-rate processing fees depend on your plan, while other standard fees like ACH transfer fees don’t vary based on plan. Wave’s fees and rates are in line with industry averages, but you’ll need to purchase a paid plan and add-ons to unlock all features. No sweat accounting Something to keep in mind is that … Continue reading “Accept Credit Cards Payments Online Wave Financial”

These stipends are typically included in gross pay, increasing an employee’s earnings before deductions. However, since stipends are usually taxable, they do not reduce net pay like pre-tax benefits. Accurate payroll processing depends on correctly calculating both gross and net pay. Errors in payroll calculations can result in over- or underpayment, leading to administrative burdens and potential financial liabilities. Common Deductions Gross pay and net pay are critical concepts when calculating an employee’s total earnings and take-home amount after deductions. … Continue reading “Gross Pay vs Net Pay: Simple Explanations & Calculations”

If you don’t see the specific package you need above, let us know—we’ll tailor something to your business. When working with your OOTB bookkeeper to establish the monthly bookkeeping services, you will be able to discuss what services you are interested in. Dedicated public accountant with over 35 years of experience serving the San Diego community. I specialize in payroll and bookkeeping services for local business owners to help ensure your financial records are accurate, organized, and ready for every tax season. … Continue reading “San Diego Bookkeeping Services”

These agents are certified by the IRS to assist applicants in completing the W-7 form accurately and verifying document authenticity, thereby reducing the risk of errors and expediting processing. Using an Acceptance Agent to apply could be a strategic move to simplify your ITIN application process. Where to apply for an ITIN if you are a student is an essential query for international students in the U.S. who need to meet their tax obligations. If you claim certain tax credits … Continue reading “About Form W-7, Application for IRS Individual Taxpayer Identification Number Internal Revenue Service”

Sudden spikes or dips may indicate issues like theft/loss, overstocking, or problems with your inventory costing method. Monitoring this report periodically lets you track increases or decreases in your inventory value over time. If the value of your inventory changes due to spoilage, damage, or errors in counts or pricing, you need to record adjusting entries. The result is a reduction in your inventory account, with the cost of those items moved to COGS. Any industry with more than basic … Continue reading “QuickBooks Online vs Desktop 2025 Comparison”

Are there any exemptions to the franchise tax? What happens if the franchise tax is not paid? How is the franchise tax calculated? While the franchise tax is an important part of incorporating in Delaware, it can also be a bit confusing, especially for those who are new to the process. Some organizations qualify for exemptions from franchise tax based on their activities and legal classification. This new increase will have a retroactive effective date of January 1, 2017 and … Continue reading “What is the Delaware Franchise Tax? Tax Calculation and Payment Process Explained”