In order to calculate fringe benefits, you need to first determine the prevailing wage for the project. Once you have that, you will need to provide workers with a basic hourly wage plus fringe benefits that add up to the required prevailing wage for their position and the county the project is being completed in. In addition to these specific DIR certified payroll details, you’ll need to include basic payroll […]

A write-off involves completely taking the inventory off the books when it is identified to have no value and, thus, cannot be sold. It can be difficult to move obsolete inventory, but consider repurposing, donating, or discounting the products. You can also use automated systems to detect when certain items are becoming https://business-accounting.net/ obsolete and adjust your inventory accordingly. For example, if the value of 200 units is initially $10,000, […]

The payroll service automates payroll taxes, checks, and all year-end forms, but the accounting platform is mostly manual. While the tool is powerful and can help a skilled user navigate multiple aspects of running a business, it takes a good amount of know-how to get the most out Affordable Startup Bookkeeping and Accounting Pricing of it. If your business owes debts to a variety of sources, like credit cards, loans, […]