Category Archives for Bookkeeping

Tax dates for 2024

Learn about Moore v. United States—called “the most important tax case of the century”—from the attorneys who argued the case. Unfortunately for you, MAGI typically includes distributions from retirement plans, including most IRA and 401k…

Statement of Shareholders Equity: In-Depth Explanation and Analysis

Shareholders’ equity, as noted, is the total amount that a company could repay shareholders in the event of liquidation. Common stock shareholders are last in line for repayment in the event a public company files…

Ledger Accounts Definition, Format, Types, & Advantages

Everything from assets and liabilities to revenues, expenses, and equity. Accounting ledgers might be recorded by hand in a written format, but it’s more common for them to take the form of electronic records generated…

In-House vs Outsourced Accounting Support Explained

Most businesses lack the in-house resources required to execute their entire marketing strategy. That’s why they often outsource one or more parts to specialists. Data entry is perhaps the simplest task that’s performed in any…

How Do You Calculate Shareholders’ Equity?

Below is an example screenshot of a financial model where you can see the shareholders equity line completed on the balance sheet. If you look at the balance sheet, you can see that the total…