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June 06, 2022

Charles Lutwidge
The Purpose of the W-9 Form

The Purpose of the W-9 Form

The IRS Form W-9 is a request for TIN and certification. Businesses use this form to get information about vendors they hire as contractors. The data gathered from W-9 is used in the future to file tax returns. The IRS has..

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Articles

June 03, 2022

Charles Lutwidge
How to Hire the Right Bookkeeper

How to Hire the Right Bookkeeper

Companies can strive if they have bookkeepers keeping their documentation. It’s crucial to find the right person when hiring an employee or finding a contractor. People responsible for bookkeeping will be working with documents to help the business record all financial..

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Articles

June 02, 2022

Charles Lutwidge
How to Сalculate Shares Outstanding in Accounting?

How to Сalculate Shares Outstanding in Accounting?

Shares Outstanding (SO) are held by the company’s shareholders at a given time after excluding ones repurchased by the company and are shown as equity part in the company’s balance sheet liabilities. The company also frequently holds SO portion in its..

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Articles

June 01, 2022

Charles Lutwidge
What is a Schedule K-1 Tax Form

What is a Schedule K-1 Tax Form

A Schedule K-1 is a tax form to report income, losses, and dividends of a business’s or enterprise’s partners. It’s also used to report income, losses, and dividends to S corporation’s shareholders. Partners in a business have to file the form..

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Articles

May 30, 2022

Charles Lutwidge
What are Trade Receivables in Accounting?

What are Trade Receivables in Accounting?

The amount billed by a business to customers for the goods and services supply in the ordinary business course is called trade receivables. These are usually documented in official invoices, summarized in the Accounts Receivable Aging Statement. Staff commonly uses this..

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Articles

May 27, 2022

Charles Lutwidge
Best Free Accounting Software for Small Business

Best Free Accounting Software for Small Business

Managing small businesses’ finances may become a nightmare without proper software. Companies can still record financial operations manually by using spreadsheets. Even though it’s a free option, it takes time and effort. If you don’t have the funds to buy a..

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Articles

May 26, 2022

Charles Lutwidge
What are net terms?

What are net terms?

Typically, businesses have problems with cash flow. On paper, the company may have success, but in reality, clients are late with covering invoices. As a result, companies have to face the consequences. In some cases, these consequences lead to bankruptcy. Instead..

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Articles

May 25, 2022

Charles Lutwidge
Stocks and Bonds: The Difference

Stocks and Bonds: The Difference

Such terms as stocks and bonds often pop up when people talk about investments on the market. However, it’s critical to understand the difference between these terms since they pose different risks and returns. We have prepared this article to help..

Reading Time 4 mins
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Articles

May 24, 2022

Charles Lutwidge
How to Calculate Commission in Accounting

How to Calculate Commission in Accounting

Many businesses prefer to award their employees by using different means, such as paying a commission on sales. The calculation formula depends on several factors. We have prepared an article to figure out all the details. You will learn what factors..

Reading Time 4 mins
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Articles

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