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Overtime Pay Laws By State

Simply put, you must pay employees 1.5 times their hourly wage for every hour of overtime they give you. Although the federal government regulates overtime pay, many states have their own overtime laws. As an employer, you must understand and follow these laws to avoid penalties. What is the federal overtime law? The state law […]

Top 10 Functions of Management Accounting

The actual work done can be compared with ‘Standards’ to enable the management to control the performances effectively. By preparing budgets and ascertaining specific cost centers, it delivers the resources to each center and delegates the respective responsibilities to ensure their proper utilization. Management accounting provides a means of communicating management plans upward, downward, and […]

Basis Points BPS Conversion Calculator

It’s not a huge difference, but it’s enough to create serious inaccuracies. If you’ve been looking at the changes in interest rates, especially for financial instruments, you may have encountered the basis point. Often abbreviated as “bps,” it’s a common term that you should become familiar with before buying securities. The Federal Reserve’s policy of […]

What Is the Tax Rate on Rental Income?

PropertyChecker is a premier property data platform offering powerful tools to individuals and businesses who need detailed property information at their fingertips. Set up and maintain an optimum organization strategy for every transaction. Good record-keeping means IRS compliance, along with the ability to claim much-needed deductions. This tax is based on the difference between the […]

Provision Definition in Accounting

When the cause of the provision is publicly disclosed, the company’s share price is likely to fall the reduction in the value of the company. Your warranty policy states that if any device fails within one year of purchase, it will be repaired or replaced free of charge. Based on past sales data and historical […]

Inventory Template In Excel Examples, How to Create?

Tracking and managing inventory is essential for businesses of all sizes to ensure smooth operations and efficient supply chain management. Excel, a versatile spreadsheet software, offers a comprehensive and accessible solution for inventory management. With Excel, you can effectively track inventory, make informed business decisions, and streamline inventory processes. Whether you are a small business […]

At what point should a SaaS startup consider hiring a full time CFO?

Many startups and small businesses have limited resources to hire a full-time CFO. A SaaS fractional CFO is a financial expert who provides part-time financial leadership to small businesses and startups. SaaS Firm B, a provider of cloud-based security solutions, faced challenges in navigating complex regulatory environments as it expanded into international markets. The company […]