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Journal Entry for Sale of Used Equipment

Real property located in the United States and real property located outside the United States are not considered like-kind property. If you exchange foreign real property for property located in …


What Are Variable Expenses, and How Do They Affect Your Budget?

She is passionate about providing accessible content to enhance financial literacy. She graduated from the University of Texas at Austin with a bachelor’s degree in journalism, and has worked in …


How Much of Sales or Gross Revenue Should go Toward my Small Business Payroll?

After determining payroll costs, you’ll need to pay the taxes owed for a specific period of time, such as quarterly or annually. This provides the government with a record of …


Accounting Guidelines for Contingent Liabilities

DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, …