Independent contractors and others who receive income from sources other than an employer can expect to receive a 1099 instead of a W-2. So, what is a 1099, and how do you use it to file your taxes? Here's everything you need to know about Form 1099, inc
At first glance, debt settlement may appear like an excellent solution. In reality, debt relief is a valid tool for some — but for most, it should be a last-resort option. Here's what to consider before settling your debt. Pros
What is the role of debt in national capital markets, and what form does company debt normally take? What is discount on bonds payable in accounting? What is a deferred credit in accounting? What is off-balance sheet financing? How is debt financing important?
An exclusion is also considered a tax benefit even though the savings are not always calculated on your tax return. Though it is possible tocalculate your tax savingsby including the amount in your taxable income, essentially exclusions refer to certain types of income that government specifically ...
In addition to sectoral privacy laws, the U.S. is experiencing a massive drive toward pushing privacy legislation at the state level. That’s because the federal government hasn’t been able to find a consensus on how to legislate broadly. Rather than wait, state lawmakers have been nudged ...
A journal entry can be defined as a method used to record individual financial transactions into a journal. It is the first step in accounting.Answer and Explanation: Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can ...
An ERP finance module is a core component of an ERP system that manages and automates a company’s financial functions and performance. It serves as the financial hub, where various financial data streams converge, and is designed to organize and automate tasks related to accounting and financial...
The setup of the year-end closing templates will be moved to a new setup page. The existing year-end close page will change, similar to the general ledger foreign currency revaluation, where a list displays each time the year end close is run or reversed. An accounting manager can initiate...
Because the Canadian dollar has a higher interest rate than the US dollar, it trades at aforward discountto thegreenback. The actual spot rate of the Canadian dollar in one year does not correlate with the one-year forward rate at present. The currency forward rate is merely based on intere...
Several elements must exist for an accord and satisfaction to be in force: There must be a sufficient claim on a contract. This means that both parties must agree that there is an outstanding issue orliability. Both parties must come to a settlement agreement. ...