Educational expenses. Be aware that if you payqualified higher-education expenseswith a student loan, then they must be claimed in the year when the expenses are incurred, not in the year when the loan proceeds are received or repaid.32 ...
Generally, food and equipment for holiday parties for employees or clients counts as a business expense. You can usually claim 100% of these expenses, but for some, you can only claim 50% as an expense. Gifts can also be a business expense, provided they are of “nominal value.” That ...
Before you can calculate the NII tax, you must determine the income you earned from every one of your qualified investments. Be sure you account for and subtract any fees and related expenses, such ascommissionsand brokerage charges. You can refer to the list of what counts in the table ab...
You can avoid federal taxes as well if the proceeds are used for qualified education expenses in the year in which you redeem the bond. Are Series I bonds a good investment? Series I bonds can be a great way to earn a higher interest rate than savings accounts and CDs over short to ...
When you understand what you truly after, you will value the journey more.You will appreciate the progress and process more because those are what truly counts, not the end result. This is why people said thatsuccess is a journey, not a destination. ...
The 529 plan has become a popular way to save for college expenses — and for good reason. It offers a host of tax-advantaged benefits. First, contributions to the account grow tax-deferred, and withdrawals are tax-free when used for qualified education expenses such as tuition, fees, room...
Order fulfillment is the lifeline between your business and your customers. From the moment an order comes in to the final delivery at your customer’s door, every step counts. Efficient fulfillment keeps your customers satisfied and loyal, while mistakes or delays can hurt your brand’s reputat...
employee with a company cell phone or computer for completing work-related tasks, that is considered a non-taxable benefit. However, let’s say an employee uses their personal cell phone to complete a work-related task, and the company reimburses those costs. This counts as a taxable benefit...
As evidenced by the COGS formula, COGS and inventory go hand-in-hand. For this reason, the different methods for identifying and valuing the beginning and ending inventory can have a significant impact on COGS. Most companies doperiodic physical countsof inventory to true up inventory quan...
But, on the flip side, distributors and retailers get to take the time needed to strategically decide which location to ship the inventory to based oninventory forecastingnumbers and current inventory counts. 3 cross-docking methods Depending on the type of business, the products you sell, and ...