The US Tax system is set up on both federal as well as state level. There are several types of taxes such as: income, sales, capital gains, etc. Federal and state tax systems are totally different and each has its own authority to charge taxes. The federal government doesn’t have the right to interface with […]

Payroll accounting is essential for any business. The basics of accounting for payroll and its implementation are important for the survival of organizations of all shapes and sizes.Whether you are running a small-scale business or a large-scale industry, payroll accounting plays an important role. When you are planning to hire your first employees, it becomes […]

When the majority of people think about the difference between bookkeeping and accounting, they are unable to nail the differentiation between each process. While bookkeepers and accountants share common goals, they support your business at various stages of the financial process. Basically, bookkeeping services is more transactional and administrative, concerned about recording financial transactions. Accounting […]