Farwah Jafri, Author at Monily

Farwah Jafri

March 24, 2023
payroll calculations

How To Do Payroll Calculations? Complete Guide for Employers

As an employer, payroll calculations seem daunting at first, but with the right information, it can be a straightforward process. Several factors to consider when calculating […]
March 21, 2023
What Is IRS Form 941 Filling Tips For Small Businesses

A Complete Guide To IRS 941 Form Submission

What is the IRS 941 Form? 941 form is a quarterly tax form used by employers in the USA to report withholding taxes from employees’ wages, […]
March 10, 2023
What Is Inventory Valuation and Why Is It Important

What Is Inventory Valuation And Why Is It Important

What Is Inventory Valuation    Inventory valuation determines the value of a company’s inventory or stock at a particular time. This valuation is important for financial reporting […]
March 7, 2023
Incidental Expenses- Definition, Types and Examples

What Are Incidentals Expenses (IE)?

Incidental expenses (IE) are also known as incidentals. They are the minor fee and the main cost of the services, items, or any paid event during […]
March 1, 2023

CPA Vs. Accountant: What’s The Difference?

Accountants and CPAs have their Places within a business. Both are finance experts who help firms achieve compliance with the laws, balance cash flows, and utilize […]
February 21, 2023
irs mileage rate 2023

Tax Season 2023: Understanding Standard IRS Mileage Rates

Taxpayers can maximize their returns in multiple ways. There are numerous tax credits and deductions, like the IRS Mileage Rate 2023, to help ease the tax […]
February 14, 2023
how to make your business recession proof

How To Make Your Business Recession Proof In 2023

In the ever-volatile global economy, recessions remain a possibility. You cannot turn blind to the likelihood of an economic downturn and envision an ideal tomorrow. The […]
February 2, 2023
what is a deferral in accounting

Deferral In Accounting Defined: What Is It & Why Use It?

Accrual-based accounting is the go-to method for public and private businesses as it is simple. However, tracking finances this way is easier said than done, as […]
January 26, 2023
marginal cost formula

What Is Marginal Cost, Its Formula, And How To Calculate It?

Small and medium businesses long for ways to win a competitive edge and beat the market. Economies of scale enable them to do the same and […]