What Is Bank Reconciliation?A bank reconciliation is matching the balances in an entity's accounting records for a cash account to the information on a bank statement. The reason...
Posted by rinehimerbaker on 02/28/2019
An Installment Agreement is an Internal Revenue Service (IRS) payment option that spreads payment of tax debt on a monthly payment basis. The total amount owed can be paid in full,...
Posted by Global Accounting on 02/25/2019
What is Unclaimed Property?Unclaimed properties funds that are in possession the of a holder that is owned by or owed to someone else. In another word, they are known as “abandoned...
Posted by Advantage Tax Services, Inc. on 02/25/2019
Thrift Savings Plan (TSP) is a saving and investment account for your retirement; it is sponsored by the Department of Defense (DoD). It’s a government’s version of a 401k....
Posted by rinehimerbaker on 02/19/2019
What do payroll taxes pay for?The federal government levies payroll taxes on wages and uses most of the revenue to fund Medicare, Social Security, and other insurance benefits focusing...
Posted by Flynn Financial Group Inc on 02/19/2019
Taxes are a major means through which the government of every nation earns revenue to finance the estimated expenditure budgeted for to enhance the living condition of the citizenry....
Posted by Key Tax & Financial Services, LLC on 01/27/2019
Employers withhold the contributions on Social Security and Medicare from the paychecks of their employees. Sometimes, they also withhold earnings tax. These withholdings are known...
Posted by Wright Tax and Accounting Solutions on 01/27/2019
The Federal Unemployment Tax (FUTA) is a Tax incurred by the employer and it is used for the workforce of state agencies. This tax is reported by every Employer with the filing of...
Posted by Advantage Tax Services, Inc. on 01/27/2019
As the platitude goes, "there are two things you can't keep away from, death and covering taxes." Government Day allotted for Tax Payment in the United States...
Posted by Key Tax & Financial Services, LLC on 01/27/2019
