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June 26, 2023
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 […]
June 23, 2023
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 […]
June 22, 2023
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 […]
June 21, 2023
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 […]
June 16, 2023
What is LLC? LLC stands for Limited Liability Company. It is a type of legal entity that is separate from its owners, also known as members. […]
June 15, 2023
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 […]
June 14, 2023
What is an invoice An invoice is a commercial document that provides a detailed summary of goods or services, given by a seller to a buyer. […]
June 13, 2023
What is marginal revenue? Marginal revenue is generated by selling one additional unit of a product or service. It is the difference between the revenue generated […]
June 9, 2023
Starting a small business can be an exhilarating endeavor with opportunities and challenges. As you navigate the world of entrepreneurship, one crucial aspect you’ll encounter is […]