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What Is Payroll Tax? A Breakdown for Business Owners

inDinero Tax Tips

Table of Contents What Are the Types of Payroll Taxes? How Much Is Payroll Tax? How to Do Payroll Yourself Benefits of Outsourcing Payroll Conclusion Want to familiarize yourself with essential accounting terms and concepts for business owners? Download our accounting alphabet for entrepreneurs.

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Tax Forms Explained

MazumaBusinessAccounting

As we approach tax season, it is important to understand different types of tax forms, and why we need them. If you’re hiring a new employee, or trying to report your income tax returns, you have come to the right place! Tax forms are essential for all small businesses and must be filled out properly.

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What is COGS in Accounting and How to Calculate It?

Snyder

” COGS is also an accounting term under U.S. Generally Accepted Accounting Principles (GAAP) that requires businesses to apply certain inventory costing principles. COGS is included in business expenses on the income statement. Based on that, businesses try to keep their COGS low and their net income high.

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FAQs Business Owners Need to Know About The 3 Essential Financial Reports

inDinero Accounting

If a business owner doesn’t understand an accounting term , we don’t use another accounting term to explain it. We specialize in accountants who speak business to business owners and CEOs. Sometimes there’s just no avoiding accounting speak. Income taxes paid. Cash paid to employees.