Even though the company does not have to pay the bill until June, the company owed money for the usage that occurred in May. Therefore, the company must record the usage of electricity, as well as the liability to pay the utility bill, in May. For a bit of challenge, study the examples above and [...]

Dividend payments can vary widely, depending on the company and the firm’s industry. Established businesses that generate consistent earnings make larger dividend payouts, on average, because they have larger retained earnings balances in place. However, a startup business may retain all of the company earnings to fund growth. Let’s look at this in more detail [...]

To begin, Federal taxes are imposed on income earned by individuals and businesses, and are collected by the Internal Revenue Service (IRS). State taxes are imposed by state governments, and vary by state. As a small business owner, you understand the importance of minimizing your taxes. Florida is a very tax-friendly state for LLCs; however, [...]

It does not measure the difference in earnings between disabled and non-disabled employees who have the same job, at the same pay grade, with the same working pattern. Therefore, a disability pay gap does not necessarily mean disabled and non-disabled employees are paid differently for the same job. It does not measure the difference in [...]

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