As the world becomes more digitized and technology advances at an unprecedented rate, the financial industry is pressured to keep up. Traditional banks, long known for […]
What is FUTA? FUTA is a federal law that requires employers to pay unemployment taxes to support the federal-state unemployment insurance program. The program provides temporary […]
What is the qualified business income deduction? The qualified business income (QBI) deduction is a tax deduction for individuals who own and operate certain types of […]
What is deferred revenue? Deferred revenue, also known as unearned revenue or advance payments, refers to the money that a company has received from its customers […]
What is SG&A? SG&A stands for Selling, General, and administrative expenses. It is an accounting term that describes the costs associated with running a business that […]
Are you feeling anxious about not filing your taxes on time this year? You are not alone. Despite this being an annual occurrence, many people must […]