What Does Semi Monthly Payroll Mean?

Independent contractors are self-employed people or businesses hired to complete specific tasks and most often receive project-based compensation. Companies hire employees to perform services and are salaried or paid hourly. Payroll taxes are taxes levied on employers, employees, or both based on employee earnings. Most payroll taxes are calculated as a percentage of employee earnings. […]

The effect of understated ending inventory

Companies can creatively account for these liabilities by underestimating them or downplaying their materiality. One example of manipulated inventory includes Laribee Wire Manufacturing Co., which recorded phantom inventory and carried other inventory at bloated values. This helped the company borrow some $130 million from six banks by using the inventory ascollateral. When the inventory asset […]

Outsourced Accounting & Bookkeeping Services for CPA Firms

Our deep understanding of the needs of CPA firms, combined with their expertise in bookkeeping and client-focused approach, makes us a go-to choice. We offer tailored solutions that align with your firm’s unique requirements, ensuring seamless integration into your existing processes. It eliminates the need for in-house staff, thereby reducing overhead costs such as salaries, […]