FICA contributions are shared between the employee and the employer. 6.2% of each of your paychecks is withheld for Social Security taxes and your employer contributes […]
Based on the manufacturing process, it is also easy to determine the direct labor cost. But determining the exact overhead costs is not easy, as the […]
The various invoice processes are then sent to the outsourcing company, which will control document conversion and standardise all formats. The use of outsourced companies’ intelligent […]
As a small business owner, you need to properly account for assets and liabilities. If you recall, assets are anything that your business owns, while liabilities […]