Estimated taxes: When and how to pay

If Matt worked in Washington, D.C., instead of Pennsylvania, Textiles and Textiles would owe $15.50 for each paycheck ($2,500 x 0.0062). Employers not only keep a portion, or withhold, taxes from employee paychecks, they also use other business funds to pay payroll...

What Is Activity Driver Analysis?

Learn more about the standards we follow in producing Accurate, Unbiased and Researched Content in our editorial policy. Depreciation is charged directly against its corresponding depreciable asset. This is important as the cost of a product can influence its price...

What Is ADP? A Detailed Breakdown for Businesses

The solution manages onboarding, compliance, and reporting, and integrates into your HCM system. The most advanced package, offering all of the above, plus access to prepaid legal services from ADP partner, LegalShield. The main difference between the ADP Employment...

Long-Term Notes

Interest must be calculated (imputed) using an estimate of the interest rate at which the company could have borrowed and the present value tables. The present value of the note on the day of signing represents the amount of cash received by the borrower. The total...