Whether you handle payroll in-house or use a provider, staying informed ensures you’re in control. There’s also an additional 0.9% Medicare surtax on high earners (over $200,000), but only employees pay that. For example, if your liability in Quarter 1 (ending March 31) is $350, you do not need to…
Revenue Recognition is a critical accounting principle that outlines how a company accounts for its revenue. Under the ASC 606 guidelines, revenue is recognized when a company satisfies a performance obligation by transferring goods or services to a customer. As a result, companies must recognize revenue over time if they…
One critical component of sensitivity analysis is account analysis, which involves examining the relationships between different accounts on the balance sheet and income statement. By analyzing these relationships, businesses can gain a better understanding of how changes to one account can impact the financial statements as a whole. Common methods…
Robotic Process Automation presents a game-changing opportunity for businesses to streamline their procurement processes, Oil And Gas Accounting drive efficiency, and achieve cost savings. By leveraging RPA to automate repetitive tasks, companies can enhance accuracy, speed, and compliance while gaining valuable data insights for better decision-making. To embark on the…