The IRS requires employers to file Form 941 before or by the due date to prevent late filing penalty assessments. The penalty assessments vary in accordance with the filing delay. The longer you put off your Form 941 filing, the more penalties + interest […]

If the company decides to take out a loan, the debt-to-equity ratio will be severely unfavourable to its investors. Instead of putting this risky asset on their own balance sheet, corporations can sell it to a different company called a factor, which then takes […]

If you add or remove services, your service fees will be adjusted accordingly. A good accounting practice management software should also offer fundamental bookkeeping features to support your firm. Some of the essential bookkeeping features we look for include general ledger (GL), A/P, and […]