Bookkeeping

December 2, 2021

Reconciliation in Accounting: Everything You Need to Know

Account reconciliation is a vital process that helps businesses maintain their financial health by identifying errors, preventing fraud, and ensuring the validity and accuracy of all […]
November 29, 2021

Checks Are On The Way In $141 Million TurboTax Settlement

In 2020, the New York State Department of Financial Services ruled that several tax software providers engaged in deceptive practices by steering would-be free filers into […]
November 22, 2021

Assets Turnover Ratio Formula, How to Calculate, Definition Example

Retail and consumer staples, for example, have relatively small asset bases but have high sales volume—thus, they have the highest average asset turnover ratio. Conversely, firms […]
November 19, 2021

Who Needs an ITIN or Individual Tax Identification Number?

ITINs do not serve any purpose other than federal tax reporting. You can file Form W-7, Application for IRS Individual Taxpayer Identification Number (ITIN), with your […]