Author: S'bonga Sibiya

The total margin generated by an entity represents the total earnings available to pay for fixed expenses and generate a profit. With a contribution margin of $200,000, the company is making enough money to cover its fixed costs of $160,000, with $40,000 left over in profit. To convert the contribution margin into the contribution margin… Continue reading How is product contribution margin ratio useful in planning business operations?

Stated in gross terms, the incremental net working capital (NWC) is $10 million. However, the more practical method is to convert the figure into a percentage for forecasting (and comparability). The change in net revenue is the difference between the ending and beginning balance. In the final part of our exercise, the incremental net working… Continue reading Change In Net Working Capital: Formula, Calculations & Guide

Ask questions, confirm their availability, and hire the right therapist when you’re ready. Training Made Easy Merritt provides you with a simple user interface for your QuickBooks software and performs your necessary bookkeeping within the QuickBooks application. Additionally, Bookkeeper360 is unique in the way their plans are designed. Each plan is developed based on the… Continue reading 7 Best Online Bookkeeping Services for Small Businesses

An accountant is an important resource, not only at tax time but also for regular financial planning and forecasting. While most small businesses don’t need to hire an accounting professional full time, that doesn’t mean you should do it yourself. So if you’re considering outsourcing the bookkeeping or accounting services of your small business, take… Continue reading CPA Outsourcing Services Outsourcing for Accountants

If questions 11 through 17 on Form SS-4 do not apply to the applicant because he has no U.S. tax return filing requirement, such questions should be annotated “N/A”. A foreign entity that completes Form SS-4 in the manner described above should be entered into IRS records as not having a filing requirement for any… Continue reading What is Form W-7: Application for IRS Individual Taxpayer Identification Number