The short workings refers to the difference between the actual royalty and the minimum rent. Recoupment of short workings is when the lessee is given an opportunity to recover any excess payment... Read more »

Also, if there are other businesses that may be affected in case of bankruptcy, then this could impact whether any claims would be paid back in full or just partially. The same... Read more »

An even better option is to digitize your bookkeeping by using a system such as Stessa. You can use Stessa to connect accounts quickly and securely so that income and expenses are... Read more »

Step cost (or stepped cost) reflects the behavior of the total cost of an operation/ activity at various levels. Step costs are expenses that remain constant for a range of workload. The... Read more »

A popular add-on is the payroll feature where you can run payroll and access benefits in one convenient place. It does cost more to access this, which is approximately $22.50 more per... Read more »

These services are typically staffed by people who have access to your accounting software and help make sure none of your financial data slips through the cracks. Keep in mind, however, that... Read more »

Specifically, the restrictions apply only to additional costs incurred by having your non-employee spouse travel with you. However, the amount of money you can take out of the corporation this way is... Read more »

A notarized document is one that the taxpayer provides to a public notary who bears witness to the signing payintuit of the official document and affixes a seal assuring that the document... Read more »