Farwah Jafri, Author at Monily

Farwah Jafri

September 28, 2023
Form 940

Form 940: When And How To File Your FUTA Tax Return

Have you hired any employees for your small business this year? Managing employment taxes, specifically federal unemployment (FUTA) taxes, is essential when you have a workforce.    […]
September 27, 2023
What does a tax write-off mean-How do tax write-offs work

What Does a Tax Write-off Mean? How Do Tax Write-offs Work?

What does a tax write-off mean?  Businesses frequently use write-offs to deal with losses related to various situations. On a financial statement, a write-off usually involves […]
September 21, 2023
IRS Form 1096

Understanding IRS Form 1096: Filing Guidelines And More

In the business world, a need often arises to engage workers outside the traditional employee category to accomplish specific tasks. When you enlist the services of […]
September 19, 2023
penalty for filing taxes late

What Are The Penalties For Filing Taxes Late? A Detailed Guide 

Failing to meet the tax deadline can lead to financial penalties, and it’s crucial to understand the implications of late or non-filing with the IRS. Two […]
September 15, 2023
What is Gross Margin - Everything you need to know

What Is Gross Margin? Everything You Need To Know

Gross margin is an essential indicator of a company’s ability to produce goods or services efficiently while generating a profit. It stands as one of the […]
September 14, 2023

What Is Equity – Calculation And Importance

Equity, often referred to as shareholders’ equity (or owners’ equity for privately held companies), denotes the sum of money that would be distributed to a company’s […]
September 8, 2023
Capital Expenditure Vs. Revenue Expenditure-Key Differences

Capital Expenditure Vs. Revenue Expenditure: Key Differences

Each corporation must allocate a portion of its financial resources, from cash reserves, profits, or borrowed funds, toward delivering goods and services to customers or expanding […]
September 6, 2023
Asset vs Expense-Key Differences and Financial Impact

Asset Vs Expense: Key Differences And Financial Impact

In the world of finance, two terms stand out as pillars of understanding: asset and expense. People do wonder what these two terminologies mean i-e asset […]
August 30, 2023
Important of Medical Bookkeeping and Accounting in Healthcare

What Is The Importance Of Medical Bookkeeper? 

The healthcare field is one of the most intricate and pivotal industries worldwide. It operates within a rigorous regulatory framework, necessitating healthcare organizations to uphold meticulous […]