Bookkeeping

Retained Earnings: What They Are and How to Calculate Them

Over the same duration, its stock price rose by $84 ($112 - $28) per share. In the long run, such initiatives may lead to better returns for the company shareholders instead of those gained from dividend payouts. Paying off high-interest debt also may be preferred by both management and shareholders, instead of dividend payments. Let’s say that in March, business continues roaring along, and you make another $10,000 in profit. Your bookkeeper or accountant may also be able to create monthly retained earnings statements for you.Keep in mind that if your company experiences a net loss, you may also...

Read more...

Sales Tax Calculator: Estimate Your Sales Tax

Relying on a city or ZIP code is not the most reliable way to calculate sales tax rates. It’s worth noting that this change doesn’t happen automatically. States must pass a law similar to South Dakota’s to require that out-of-state companies collect sales taxes. How do I calculate sales tax backwards from the total? More than 160 countries worldwide impose VAT as their primary consumption tax. Consumers can also purchase items free of sales tax during what are known as sales tax holidays. A handful of states have a set handful of days each year that are designated as sales tax holidays....

Read more...

Why Did ScaleFactor the SME Bookkeeping Startup Failed?

Though the pandemic may have been a death knell, ScaleFactor was on rocky ground long before, Forbes found. Technology startups are often rewarded for a “fake it ‘til you make it” mentality by venture capital firms willing to throw money at a product until it meets expectations. But ScaleFactor used aggressive sales tactics and prioritized chasing capital instead of building software that ultimately fell far short of what it promised, according to interviews with 15 former employees and executives. Rathmann says the pandemic wiped out almost half of ScaleFactor’s sales; the startup had reached...

Read more...

THE BEST 10 Accountants in LINCOLN, NE Updated 2024

You’ll always have the human support you need, and a mobile friendly platform to access your up-to-date financials. I’ve been a part-time bookkeeper for more than ten years for a small family farm and construction company. Prior to that, I was the owner and operator of an independent restaurant. Through these experiences, I know all too well the pain and hassle that maintaining your business’s bookwork can be. At TAC Payroll Solutions, you can expect guaranteed reliable and timely services from our skilled team with over 20 years’ experience in client services. We also support clients...

Read more...