This article defines royalty, royalty payments, royalty income, and royalty fees. It provides insights into royalties in business, types of royalties, typical royalty percentages, and ways to scale creator and streamer payments. The licensor and the licensee should be aware of the tax implications of the royalty payments and comply with the tax laws and […]
Not only will the construction work suffer from delays and poor planning, but serious issues can arise, such as insufficient tax preparation, which could derail the entire business. Virtual Construction Assistants have a lot of experience working with a wide range of contractors in the construction industry. After assessing your company’s financial situation and barriers, […]
For technology integration and assistance, the Bookkeeper360 website states that once available, the 360app will be included in all service packages. Other custom integrations are priced per project, and you have to work with the Bookkeeper360 team directly to determine this cost. Bookkeeper360 offers several different services and solutions for business owners — and, because […]
The best online bookkeeping service should offer a wide range of bookkeeping solutions, including catch-up bookkeeping, invoicing, bill pay, bank reconciliation, payroll, and tax filing. Bookkeeper360 allows the accrual basis of accounting with its bookkeeping service. If you’re using the cash basis, Bookkeeping360 will handle the accruals and deferrals for you. The dedicated bookkeeper will […]
The Bookkeeper360 pricing scheme isn’t as affordable as many of its competitors and isn’t transparent—even though starting prices for each service are listed online, it is largely quote-based. Unlike Bookkeeper360, however, Bookkeeper.com only works with businesses that use QuickBooks. With Bookkeeper.com, you can choose from two pricing plans, based on the number of transactions you […]
In accounting for construction companies, retainage typically ranges from 5% to 10% of each progress payment, serving as a form of security for the project owner. More importantly, your choice of revenue recognition method can significantly impact your company’s financial statements, tax liability, and business opportunities. Unlike manufacturing or retail businesses where costs tend to […]
The payback period refers to how long it takes to reach that breakeven. The answer is found by dividing $200,000 by $100,000, which is two years. The second project will take less time to pay back, and the company’s earnings potential is greater. Uses of Payback Period in Corporate Finance According to payback method, the […]
Unlike other methods of capital budgeting, the payback period ignores the time value of money (TVM). This is the idea that money is worth more today than the same amount in the future because of the earning potential of the present money. Although calculating the payback period is useful in financial and capital budgeting, this […]
The time value of money is the idea that cash will be worth more in the future than it is worth today, due to the amount of interest that it can generate. This is another reason that a shorter payback period makes for a more attractive investment. The payback period is calculated by dividing the […]
Each year, the company deducts $10,000, providing consistent expense reporting and making it double declining balance method easy to forecast future profits. Let’s say you buy machinery for $15,000 with a useful life of five years and a salvage value of $2,500. CFI is the global institution behind the financial modeling and valuation analyst FMVA® Designation. […]
