And because we always bring our zeal for accounting and passion for helping them, we’ve garnered a long list of loyal clients. For many people, keeping the books up to date or even getting started with the process can be difficult. With all the different options and information out there, it can be easy to … Read more
While both these taxes use the gross wages of the employee as the starting point, they are two separate components that are calculated independently. The Medicare and Social Security taxes rarely affect your federal income tax or refunds. According to the IRS, the employer’s share of the Social Security tax and Medicare is the same … Read more
Two common methods employed for this purpose are horizontal analysis, also known as trend analysis, and vertical analysis, termed common size financial statement analysis. In this guide related to horizontal and vertical analysis, we will help you learn about these analytical approaches, exploring their definitions, applications, and the key distinctions between them. In vertical analysis, … Read more