If you do happen to purchase your personal, you should pay yourself back and make a note of it in your bookkeeping records. According to Internal Revenue Code (IRC) 262, personal expenses are generally non-deductible. This includes the mortgage interest on your home or medical expenses, which are exceptions rather than the rule. Prioritize building […]

The following table shows how these $1 payments will accumulate to $4.6410 at the end of the fourth period (or, in this case, year). See how different annuity choices can translate into stable, long-term income for your retirement years. An annuity can be fixed, variable, or indexed to an equity index such as the S&P […]

Because the predetermined overhead rate is based on estimates, calculating it with incomplete or inaccurate data can also skew the budgets, reports, and forecasts created using it. Along with its complement, direct costs, your company’s overhead rate can have a profound effect on both your income statement and balance sheet, as well as your ability […]