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September 30, 2019

Charles Lutwidge
What is the accounting equation?

What is the accounting equation?

The accounting equation is a fiscal formula used to calculate the relationship between various economic indicators within a business. This equation is usually presented in the form of a simple breakdown of values on a balance sheet. The accountancy formula highlights..

Articles

September 30, 2019

Charles Lutwidge
What is Unearned Revenue in Accounting?

What is Unearned Revenue in Accounting?

Revenue is an increase in an enterprise’s economic benefits over a specified reporting period. Revenue may come in the form of a revenue receipt (this is money received through regular business operations), asset sales, or a decrease in liabilities. Revenue leads..

Articles

September 09, 2019

Charles Lutwidge
Retained Earnings Statement

Retained Earnings Statement

At the end of the year, at a general meeting of shareholders of the company or thefounders of the business, a decision is made on the distribution of the company’s netprofit. Part of the financial income that has not been distributed..

Articles

September 09, 2019

Charles Lutwidge
A Guide to Prepaid Expenses

A Guide to Prepaid Expenses

To estimate the prospects of your business and properly manage it, you need a fast,and at the same time, a reliable way to calculate expenses and profits. To do so, youneed to account for all your costs, including prepaid expenses properly...

Articles

September 09, 2019

Charles Lutwidge
The Agent Background

The Agent Background

IntroductionThe business world keeps evolving every working day. Market trends and income-generating opportunities keep coming, which allows brave entrepreneurs to start-up businesses. As a ripple effect, the demand for the taxation workforce arises as well. So during these business-minded days, being..

Articles

September 09, 2019

Charles Lutwidge
How much does an EA earn?

How much does an EA earn?

Introduction: Being an Enrolled Agent will give you countless opportunities to earn as much as you desire as your salary is not limited to a single job-paying post. You can make outside your main job by charging services for tax representation,..

Articles

September 09, 2019

Charles Lutwidge
What is the accounting equation?

What is the accounting equation?

In the formation of accounting data, a basic accounting equation is used for financial statement no matter if you are just a small business or a multimillion company. The Italian mathematician Luca Pacioli formulated a basic accounting equation formula in 1494..

Articles

September 09, 2019

Charles Lutwidge
What is an enrolled agent, and does your business need one?

What is an enrolled agent, and does your business need one?

Individuals and businesses are required to file their tax returns every year. Doing it yourself, in most cases, is too complicated and time-consuming. This is where financial advisors and tax preparers come in to help. However, not every tax preparer has..

Articles

September 09, 2019

Charles Lutwidge
What CPAs are

What CPAs are

Introduction: “Behind every good business is a great accountant.” – Anonymous Accountants are the backbone of financial management in businesses and organizations. Practical accounting leads to superior financial statement turnouts. Without these fine folks, companies would drown in the ever-growing sea..

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