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April 12, 2023
In accounting, liabilities refer to the obligations a company or individual owes to others. These obligations arise from past transactions or events and require the entity […]
April 7, 2023
You may have come across the term “subordinated debt” but what exactly is it? Subordinated debt is a type of debt that ranks lower in priority […]
April 5, 2023
Employer tax liability refers to the legal responsibility of an employer to pay various taxes on behalf of their employees to the government. These taxes are […]
March 31, 2023
What is a Certified Payroll? If you’re an employer, you may have heard the term “certified payroll”. It’s an important aspect of running a business, especially […]
March 25, 2023
What Are Payroll Cards? A payroll card is a prepaid debit card that an employer offers employees as an alternative to paper checks or direct deposit. […]
March 23, 2023
Have you ever found yourself buried under a pile of receipts, invoices, and financial statements, struggling to keep up with your business’s bookkeeping? If so, you’re […]
March 17, 2023
1. What is Accounting Equation? The Accounting Equation is a fundamental principle in accounting that represents the relationship between a company’s assets, liabilities, and Equity. The […]
March 16, 2023
What Is Supplemental Pay? Supplemental pay is any form of compensation, paid to employees apart from their regular wages or salary. That includes bonuses, overtime pay, […]
March 15, 2023
Expense report is a document used to record and report business expenses incurred by an employee during work-related activities. It typically includes information such as the […]