Payroll deductions are amounts taken out of an employee’s paycheck each pay period. There are both mandatory and voluntary payroll deductions. Examples of payroll deductions include federal, state, and local taxes, health insurance premiums, and job-related expenses.
The world is changing quite rapidly, thanks to the innovative technologies that are being developed and rolled out. Interestingly, the economy has been impacted by these technologies, among which the job market has been affected by leaps and bounds. The rise of the gig economy is what made the most impact when it comes to the job market. Surprisingly, not only the common job market but also high ticket ones such as accounting and tax job market has also been affected.
Accounting software is one of the first business applications, that you must acquire before starting a business․ You’ll use it every day to track the money coming in and going out of your business. Accounting software is designed to automate much of the accounting process, with a purpose to make accounting much easier. At the same time it is important to understand the accounting basics, as relying solely upon technology might not be the right way to treat your finances.
Cryptocurrencies took the world by storm during the last couple of years. Although they have been around the block for a decade, it’s the year of 2016 that gave an exponential bullish push to the cryptocurrency market. There have been cases of several people who became filthy rich by investing in this new financial asset class.
Ethical codes are the fundamental principles that accounting professionals choose to abide by to enhance their profession, maintain public trust, and demonstrate honesty and fairness.
Here’s a list of a few things that contribute to the importance of ethics in business and accounting:
Have you decided to found a corporation or an LLC in California? Do not leave it for another year. The 15-day rule only applies to short tax years that are 15 days or less. The 15-day rule states that inactive business entities (Limited Partnerships, Limited Liability Partnerships, Limited Liability Companies and Corporations) with a tax year of 15 days or less are not required to file a tax return or pay the $800 annual/minimum tax, if they meet both of the following:
Alajian Group Inc. provides accounting for startups and business management. Disrupting the traditional accounting paradox – there is more than just taxes. Serving businesses and individuals in areas of accounting, consulting, finance, and tax. Specializing in startup accounting and business management for entertainers, entrepreneurs, athletes, and high net worth individuals. We speak the language of money and maintain the health of your financial circumstances.
Alajian Group Inc. provides accounting for startups and business management. Disrupting the traditional accounting paradox – there is more than just taxes. Serving businesses and individuals in areas of accounting, consulting, finance, and tax. Specializing in startup accounting and business management for entertainers, entrepreneurs, athletes, and high net worth individuals. We speak the language of money and maintain the health of your financial circumstances.
© 2024 ALAJIAN GROUP INC. | ALL RIGHTS RESERVED
© 2024 ALAJIAN GROUP INC.
ALL RIGHTS RESERVED