Sober living homes encourage connections with peers who share your commitment to recovery. In addition, attending local meetings, workshops, what is a sober living house and staying engaged with counseling services can provide an added layer of support that’s instrumental in maintaining sobriety. Sober living homes are more than just a place to stay; they’re [...]

In addition, we help you find and make the most of tax deductions and credits that apply to your construction sectors, such as those for investments in energy efficiency, R&D, and other areas. We help you meet all your tax responsibilities, such as submitting filings accurately and on time, disclosing your income, and making tax [...]

It can be high or low depending upon the financing strategies of a business; it can also differ from company to company depending on its size. With that said, it is ideal to have the equity multiplier as low as possible, because no company would want its debt portion to be Bookkeeping for Chiropractors higher [...]

W-8BEN is an IRS form used by individual nonresident aliens (NRA) to report information to withholding agents, payers, or FFIs if they are the beneficial owner of an amount from U.S. sources subject to income tax withholding or the NRA account holder at a foreign financial institution (FFI). See the Instructions for Form W-8BEN-E for [...]

The installment method would recognize 25% ($30,000 ÷ $120,000) of each payment, or $2,500, as gross margin, such that $30,000 would be recorded upon receipt of all 12. For example, a service provider records revenue upon receiving cash from the customer, irrespective of the service's delivery. Accrual accounting dominates current practice; organizations should use it [...]

In other words, a ratio of 4 means that a company makes enough income to pay for its total interest expense 4 times over. Said another way, this company’s income is 4 times higher than its interest expense for the year. As a general rule of thumb, the higher the times interest earned ratio, the more capable [...]

Your business may be able to deduct those rent payments from its income as a business write-off. A business can claim write-offs for all legitimate, qualifying business expenses as defined by the IRS. Generally this includes all spending that is both necessary and relevant to running your specific business. Some business expenses may be limited [...]

When you think of the most important elements of project planning, what comes to mind? You probably think of the project’s main objectives, the timeline for achieving those objectives, and the scope of what you can accomplish within the project. Such strategic location decisions not only ensure that resources are used where they are most [...]

Sales taxes payable is a short-term liability account as the amount gets remitted over a period. Sales taxes refer to the taxes collected by government tax authorities on selling certain goods and services. Typically, firms, companies, and individuals collect sales taxes from customers when they sell goods or services. Later, they must remit the aggregate [...]

The federal income tax system is progressive, so the rate of taxation increases as income increases. Our free tax calculator will help you estimate how much you might expect to either owe in federal taxes or receive as a tax refund when filing your 2023 tax return in 2024. Remember that each person’s tax liability [...]