Janet Berry-Johnson
CPA
More From This Author
What Is an Employee Stock Purchase Plan?
An employee stock purchase plan, or ESPP, is a program that allows employees to use after-tax payroll deductions to buy their employer's stock,…
Should you pay taxes online with a credit card?
You can pay taxes with a credit card. But should you? In some situations, paying your taxes with a credit card could be a good option if you…
Is my hobby income taxable?
Many people earn a little income from activities that are more hobby than business, but you might not realize that income is taxable in the eyes of…
What Is Deferred Revenue?
Deferred revenue is any payment your business receives for products or services that will be delivered later. It's commonly used in insurance,…
What Is an Expense Report?
Businesses can use expense reports to claim valuable tax deductions and confirm that employee expense reimbursements are legitimate business expenses.
What Is Net Income?
Net income is an important metric for businesses because it represents the money left over that can be distributed to shareholders, invested back…
What Are Retained Earnings? How to Calculate Them
Retained earnings are the profits that remain in your business after all expenses have been paid and all distributions have been paid out to…
How to make a cash flow statement
In a perfect world, you'd always have more money flowing into your business than flowing out. But many businesses face cash shortages from time to…
What Is Current Ratio and How to Calculate it
Current ratio is a measure of a company's liquidity, or its ability to pay its short-term obligations using its current assets. It's also a useful…
Export from the U.S.? Consider an IC-DISC to take advantage of the capital gains tax rate
An Interest Charge Domestic International Sales Corporation (IC-DISC) can provide tax savings for shareholders of businesses that make or distribute…