Bookkeeping

What is the Difference Between an Accountant and a CPA?

Content Skills What Is the Difference Between an Accountant and a CPA? Legal representation before the IRS CPA VS Accountant: Which Do You Need For Your Business? You may need certain credentials to perform certain tasks, such as the Internal Revenue Service’s Enrolled Agent qualification for preparing tax returns. Armed with such a degree, accountants and CPAs are able to navigate all…

Top Marginal Personal Income Tax Rate

Content File Sales Tax Exemption on Essential Hygiene Products Begins January 1, 2023 Past years’ tax brackets How is state income tax money used? Tax Changes At the other end of the spectrum, Hawaii has 12 brackets. Top marginal rates us state income tax rates range from North Dakota’s 2.9 percent to California’s 13.3 percent. Alaska had the lowest tax burden in…

What is suspense account in accounting definition, explanation, example, and uses

Content Use a Suspense Account for Questionable Transactions What Is the Difference Between a Suspense Account and a Clearing Account? Suspense Accounts in Business Definition of Suspense Account Meaning of suspense account in English What Are the Primary Components of a Trial Balance Sheet? The bookkeeper is unable to balance the company’s trial balance, with the credit column exceeding the debit side…

Straight Line Depreciation

Content Formula What Qualifies as a Depreciable Asset? Straight Line Depreciation Method Examples Related articles Straight Line Depreciation Video How to Calculate Straight-Line Depreciation in Real Estate Understanding Straight Line Basis Straight-line depreciation can be recorded as a debit to the depreciation expense account. Accumulated depreciation is a contra asset account, so it is paired with and reduces the fixed asset account. Declining…

CPA Accounting Payroll Services

Content Compare Providers Save Money With Online Bookkeeping Services Common accounting services include: What’s included in managed accounting? Best Basic Plan Get back to your business! Outsourced bookkeeping services and a dedicated account representative is included in all plans. A lot of small businesses and businesses-of-one hire a contractor or part-time employee who provides remote bookkeeping services. This person may handle the…

IOLTA Rules, Guidance & FAQ

Content Information for Financial Institutions Tax consequences You Are Now Leaving The Hawaii State Bar Association Website Interest on Lawyer Trust Accounts Do all of my trust accounts have to be IOLTA accounts? IOLTA accounts are interest-bearing general trust accounts, from which banks forward the interest net of service charges to the State Bar’s IOLTA program. The IOLTA program uses the money…