Bookkeeping | WWHEL

The Roles and Responsibilities of a Nonprofit Board of Directors

by wwhel-admin | Jun 1, 2023 | Bookkeeping

This means that meetings must be attended, the trustees should be informed and take appropriate action when needed, and the decisions must be prudent. An important part of effective nonprofit management is ensuring revenue is properly managed. Because organizations...

Standard Costing What it is and Why it Matters

by wwhel-admin | May 31, 2023 | Bookkeeping

At the most fundamental level, you can generate a standard cost by averaging the most recent actual cost over the previous few months. However, there are some additional factors to take into account that could materially change the used standard cost. Basic standards...

Depreciation: Make Book treatment equal to Tax treatment

by wwhel-admin | May 16, 2023 | Bookkeeping

Your spouse has a separate business, and bought and placed in service $300,000 of qualified business equipment. This is because you and your spouse must figure the limit as if you were one taxpayer. You reduce the $1,080,000 dollar limit by the $300,000 excess of your...

What is a Fixed Budget? Definition Meaning Example

by wwhel-admin | Feb 24, 2023 | Bookkeeping

These assumptions are related to projected sales trends, cost trends, and the overall economic outlook of the market, industry, or sector. Specific factors affecting potential expenses are addressed and monitored. A budget is a microeconomic concept that shows...

The 5 Best Accounting Software of 2023

by wwhel-admin | Feb 7, 2023 | Bookkeeping

Blueprint is an independent publisher and comparison service, not an investment advisor. The information provided is for educational purposes only and we encourage you to seek personalized advice from qualified year end payroll checklist for your business...

How do I apply for an ITIN? Internal Revenue Service

by wwhel-admin | Feb 6, 2023 | Bookkeeping

If the taxpayer is in the United States, a U.S. address in box 2, and the name of the foreign city and country is sufficient for the foreign address. However, in box 3 the taxpayer must list his/her local address, which is where the ITIN will be mailed. If the...

The Roles and Responsibilities of a Nonprofit Board of Directors

Standard Costing What it is and Why it Matters

Depreciation: Make Book treatment equal to Tax treatment

What is a Fixed Budget? Definition Meaning Example

The 5 Best Accounting Software of 2023

How do I apply for an ITIN? Internal Revenue Service

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