Bookkeeping

The marginal cost of production is affected by many factors labor and raw material cost, or cost of energy consumption. Due to increase in production, the marginal cost may continue…

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Explore the Rapid Formations Blog for more limited company guidance, business advice, and insights. The weekly earnings threshold for an employee to qualify for Statutory Sick Pay or family payments…

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A value of 1 indicates that the response variable can be perfectly explained without error by the predictor variable. Variance is the error from sensitivity to small fluctuations in the…

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Contra revenue, on the other hand, directly reduces the sales figures reported on your financial statements. While both affect your net income, they do so in different parts of your…

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For tax year 2025, you would pay 10% on the amount up to $11,925, 12% on the amount from $11,926 to $48,475, and 22% on the rest. Pennsylvania taxes resident…

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Bookkeeping online remote bookkeeping offers flexible working hours, allowing you to maintain the work-life balance you want and need. Since you don’t need to travel long distances and hours to work and…

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In essence, contra-asset accounts have a negative balance while other asset accounts have a positive balance. Both of these accounts offset each other to represent a net balance on a…

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Expenses should eventually be tied to the programs and activities and not be ignored. There are different types of expenses and costs, such as direct costs, capital expenditures, indirect or…

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Carry out your own books and it’s you who’s responsible for how accurate and honest they are. Hire a bookkeeper and that administrative burden is shared by someone else. You…

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Stocks had closed higher ahead of Trump’s tariff announcement, but began to slide as Trump revealed his administration’s plan for rolling out tariffs. The trade deficit is offset by exports…

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