Bookkeeping

Economic Order Quantity EOQ: Definition, Formula, and Guide

Faults and malfunctions tend to occur in machines, warehouses, materials, etc which may alter the normal functioning of the inventory and slow down the flow of demands. To find out the annual demand, you multiply the number of products it sells per month by 12. Minimizing the level of inventory means more cash for other […]

Economic Order Quantity EOQ: Definition, Formula, and Guide Read More »

Illinois State Tax Brackets, Standard Deductions, Forms

Illinois does not have standard and itemized deductions, nor do they use the federal standard deduction amounts. Andy Rosen is a former NerdWallet writer who covered taxes, cryptocurrency investing and alternative assets. He has more than 15 years of experience as a reporter and editor covering business, government, law enforcement and the intersection between money

Illinois State Tax Brackets, Standard Deductions, Forms Read More »

How to Find the Best CPA for Your Startup

With specialists who understand the challenges startups face, you get accurate, reliable support to help make smart financial choices. Their team has an average of 11 years of experience and adeptly scales services to match the evolving needs of growing businesses. Ignite Spot can handle 80% of bookkeeping and accounting tasks that help startups save

How to Find the Best CPA for Your Startup Read More »

Amortization: Amortization and Goodwill: The Impairment Test Connection

However, the company realizes that the value of the goodwill is likely to decrease rapidly in the first few years following the acquisition. Amortization is used to reduce the value of an asset over time to reflect its decreasing value as it ages or becomes obsolete. Impairment testing is a way of assessing the value

Amortization: Amortization and Goodwill: The Impairment Test Connection Read More »