September 02, 2020
Charles Lutwidge
Your Guide to Tax Filings
When am I not required to file a tax return? There are situations when individuals are not required to file taxes and there is no reason to do so. There are also situations when one is not required to file...
Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.
September 02, 2020
Charles Lutwidge
Single vs. Double Entry Bookkeeping
Single-Entry Accounting The single-entry method is a traditional way of bookkeeping and does not follow a fixed set of accounting rules. Its feature is that only one entry is made for each transaction either in the form of revenue or...
September 02, 2020
Charles Lutwidge
The Balance Sheet Basics
Accounting is the language of business. Business owner/s, investors or any interested parties can understand that business by looking at the accounting reports. There are tons of accounting reports, the two main accounting reports that are the biggest picture reports...
September 02, 2020
Charles Lutwidge
Non-Manufacturing Overhead Costs
Non-manufacturing overhead costs, also simply referred to as non-manufacturing costs, are costs not related to production. comes from. You might also see them known as period costs. They are divided into categories known as Selling or General and Administrative. Companies...
September 01, 2020
Charles Lutwidge
TOA Global Accounting Services Review
Accounting and bookkeeping are the most crucial functions in both small and large businesses. In this review, we will tell you about one of the options you have for your bookkeeping and accounting tasks – outsourcing them to TOA Global...
September 01, 2020
Charles Lutwidge
The Meaning and Benefits of 501 (c3) for Donors and Organization
501 c3 Definition There are many kinds of tax-exempt organizations, however, the 501c3 is the most common. It is the United States legal code number that creates space for federally tax-exempt charities. Charities are typically nonprofits that have fundraising events...
September 01, 2020
Charles Lutwidge
A Closer Look at Forensic Accounting
The term forensic accountant was first used in 1946 by Maurice Peloubet, who wished to recognize and celebrate IRS special agent Frank J who led to the takedown of the famous gangster Al Capone. What is Forensic Accounting? Forensics is...
September 01, 2020
Charles Lutwidge
Job Costing Basics
In some companies, like a design studio, auditing firm, consulting business, or custom furniture manufacturer, every job is different. It is, therefore, necessary to estimate the cost of each individual job. This is in contrast to companies with products that...
