Category Archives: Bookkeeping

Property, Plant, and Equipment PP&E Definition in Accounting

Intangible assets are nonphysical assets, such as patents and copyrights. They are considered to be noncurrent assets because they provide value to a company but cannot be readily converted to cash within a year. Long-term investments, such as bonds and notes, are also considered noncurrent assets because a company usually holds https://accountingcoaching.online/ these assets on its balance […]

What is a Pension? Pension Benefit Guaranty Corporation

If it’s withdrawn before age 59½, a 10% penalty will apply unless exceptions are met. DC plans take pre-tax dollars and allow them to grow capital market investments tax-deferred. This means that income tax will ultimately be paid on withdrawals, but not until retirement age (a minimum of 59½ years old, with required minimum distributions […]

How To Accept Bitcoin As A Business 2024 Guide

Because the funds are accounted for in the bookkeeping, you use the data to determine growth. A full charge bookkeeper takes care of the usual bookkeeping service but also handles some accounting duties. Think of this bookkeeping service as a mix between traditional accounting and bookkeeping. Whether you’re a self-employed professional, a business with employees, […]

How Do Dividends Affect the Balance Sheet?

The operative understanding of what the amendment has meant for more than a century is now being challenged by Charles and Kathleen Moore. Backed by anti-regulatory groups, they are specifically challenging a provision in then-President Donald Trump’s huge 2017 corporate tax cut, a provision that helps pay for some of those tax cuts. In reality, […]