January 18, 2022
Charles Lutwidge
Accounting in Chicago
Whether you are an individual living in Chicago or running a business, you have to keep track of all your financial statements. As you know, all citizens in the US are taxpayers. Paying taxes means accurate accounting to figure out...
Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.
January 17, 2022
Charles Lutwidge
Accounting in California
Everyone has to pay taxes and follow bookkeeping rules. While individuals mainly focus on deducing their income, investment gains or losses, other profit, businesses have a more complex set of rules to follow. To track funds of corporations, businesses must...
January 14, 2022
Charles Lutwidge
How to Calculate Workers’ Compensation Cost Per Employee
Workers’ comp explained Before we start explaining how to find how much workers’ compensation you pay on a per employee basis, we first need to briefly go over what it is all about. It is a system that provides protection...
January 13, 2022
Charles Lutwidge
Accounting in Florida
Owning a business is exciting and considered to be a dream come true for many people. But it’s also a huge responsibility. You have to pay salaries if you have employees, but most importantly, keep proper accounting. Accounting is required...
January 12, 2022
Charles Lutwidge
Estimated tax payments: How they work and when to pay them
There are numerous tax types that one might come across, especially if one owns a business. With all the requirements and rules, many people are not sure what estimated tax payments are. Since these taxes are not going anywhere in...
January 11, 2022
Charles Lutwidge
What’s the Difference Between Purchase Order and Invoice
When you start a business or even try some freelance work, there are many terms and concepts you would need to know. It is likely that you will come across two seemingly familiar terms: purchase order and invoice. To help...
January 10, 2022
Charles Lutwidge
The difference between the balance sheet and income statement
Main accounting reports Bookkeeping and accounting are meant to fulfill various needs of the users of the information they generate. Therefore, it should contain data on the financial and economic activities, as well as on the current state of the...
January 06, 2022
Charles Lutwidge
What is a Disbursement
Let’s start by defining the word disbursement. What does it mean? It is a process of giving out money or funds from some account. This word is generally used in finance and business and can be applied in at least...
