Specifically, we looked at average billing rates by region, state, professional designation, and ProAdvisor status. A common rule of thumb is that the real cost of an employee is 1.25 – 1.4x their salary – and possibly higher,…
You get this special tax break, called the qualified business income deduction (QBI deduction), simply by qualifying for it due to the nature of your business and your business income. Essentially, it’s a type of business that offers…
You can achieve this by finding cheaper vendors or cheaper alternatives to the raw materials being used, and by reducing other costs that are included in calculating COGS. As explained in the gross profit ratio, certain companies with…
See if you have what it takes to make it in investment banking and learn how to perform DCF analyses with this free job simulation from JPMorgan. Whether you’re making a big investment into your business, or looking…
Liabilities are presented as line items, subtotaled, and totaled on the balance sheet. Everything listed is an item that the company has control over and can use to run the business. Balance sheets are typically prepared and distributed…
Liquidity refers to how easily anitem can be converted to cash. The accounts of a Balance Sheet using IFRS mightappear as shown here. For example,IFRS-based financial statements are only required to report thecurrent period of information and the…
The core function of a bookkeeper is to ensure that all bills are paid on time, transactions are recorded correctly, payroll runs on time and taxes are filed correctly. So if you’re looking to hire a bookkeeper, it…
Our Salary Calculator provides real-world salaries by location and can help you determine what level of compensation bookkeepers in your city or state might expect to earn. A good bookkeeper keeps your books clean and makes it easy for you to…
It’s important to utilize multiple financial metrics including ARR and RRR to determine if an investment would be worthwhile based on your level of risk tolerance. CARR is calculated by adding up all the recurring revenue a company…
In conclusion, the accounting rate of return on the fixed asset investment is 17.5%. If the project generates enough profits that either meet or exceed the company’s “hurdle rate” – i.e. the minimum required rate of return –…
