Category: Bookkeeping

As you have learned, the overhead needs to be allocated to the manufactured product in a systematic and rational manner. This allocation process depends on the use of a cost driver, which drives the production activity’s cost. Examples can include labor hours incurred, labor costs paid, amounts of materials used in production, units produced, or…

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New York’s progressive tax structure demands higher percentages to be paid by high income earners. Optimizing financial strategies in New York State is possible by being informed of ny tax brackets the surrounding rules in the NYS tax rate and leveraging potential deductions. A professional tax expert can present assistance with tax filing, planning or…

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Finally, you must ensure that all transactional data is recorded and reconciled promptly, systematically, and accurately. Financial data finds its way into your state and federal tax filings and is examined in audits. If you have the spare time to manage your work and some of the accounting each month but need a little extra…

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