What is a Burden Rate? Overhead Allocation in Business Costs

Burden Rate - Office - Costs- Calculating

True cost of employment is crucial for businesses aiming to manage their finances effectively. The burden rate is the tool used to uncover these often unseen expenses. It encapsulates all of the indirect costs associated with maintaining an employee, in addition to their direct salary. These costs include benefits, payroll taxes, equipment, and training fees. … Read more

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What is Imputed Income? A Closer Look

imputed income

Imputed income might sound like a complex term reserved for tax professionals, but it’s a concept that touches many of us in our daily working lives. Imagine your employer provides you with a gym membership, a company car for personal use, or even covers part of your life insurance – these perks, while not direct … Read more

What Is Operating Income? How To Calculate It, And Why It Matters For Your Business?

What Is Operating Income

One of the key metrics that investors and analysts use to evaluate the performance and health of a business is operating income. It measures how much profit a company makes from its core activities, excluding the effects of financing and taxes. In this article, we will explain what operating income is, how to calculate it … Read more

What is Unearned Income? Tips for Financial Success

Financial Success

Have you ever wondered how some people seem to have a steady flow of money coming in without clocking in nine-to-five? That’s the magic of unearned income – a financial secret that many are curious about but not everyone fully understands. Unlike the paycheck from your job, this type of gain doesn’t come from traditional … Read more

How to Calculate Millage Rate: Crunching the Numbers

How to Calculate Millage Rates

Millage rates play a pivotal role in determining your property tax bill. As an owner, understanding how these rates are calculated can empower you to better manage your finances and anticipate your obligations. Now, we will walk you through the specifics of these rates, ensuring you have the knowledge to calculate your dues accurately. Why … Read more

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What is a State Tax Lien? A Quick Guide

State Tax Lien

A state tax lien can be a daunting and complex issue, but understanding it is crucial for anyone who owns property or has tax obligations. This guide breaks down the complexities of this claim, offering clear explanations of their workings, implications, and resolutions. From homeowners to business owners, understanding this topic is vital for anyone … Read more

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What Is a State Tax Levy – Everything You Need to Know

What Is a State Tax Levy

You may have heard the term “State Tax Levy” thrown around, especially during tax season, but what exactly does it mean? In this guide, we’ll break down the intricate details of a State Tax Levy, how it affects your financial standing, and steps you can take if you ever find yourself on the receiving end … Read more

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