Bookkeeping

For example, sender sends payment from US ACH account to a BB mobile number in Japan. The customer receives an alert on their mobile to withdraw this money from a BB agent. Until they withdraw, the remittance stays in a suspense account, earning the financial institute or the BB enabler float/interest on that money. When […]

Unlike Social Security tax, Medicare tax applies to all earned income without a cap. The FICA tax applies to earned income only and is not imposed on investment income such as rental income, interest, or dividends. The Federal Insurance Contributions Act (FICA /ˈfaɪkə/) is a United States federal payroll (or employment) tax payable by both […]

Outsourcing from a national accounting and advisory services firm provides skilled professionals experienced in handling various contract types. This ensures correct accounting treatments, accurate government financial reporting, and optimized cost allocation. Consequently, businesses can focus on performance without worrying about contract-specific accounting complexities. We ensure that your government contract financial management aligns with federal regulations […]

When you outsource your bookkeeping you not only save time, but get accurate financial insights so you can make informed decisions for your business. The duration AI in Accounting of Clean-Up and Catch-Up Bookkeeping can vary depending on factors such as the complexity of the records, the extent of neglect, and the availability of documentation. […]