Author: Anfisa Dmitrieva

Type of federal return filed is based on taxpayer’s personal situation and IRS rules/regulations. Additional fees apply with Earned Income Credit and you file any other returns such as city or local income tax returns, or if you select other products…

EBT is calculated by taking net income and adding taxes back in to calculate a company’s profit. EBITDA is essentially net income (or earnings) with interest, taxes, depreciation, and amortization added back….

Avoiding investing mistakes will make you more money in the long run than trying to pick the hottest sector/stock/fund/investment over the years. For a full list of the best investing apps for 2019, check out LearnBonds app investing guide for more i…

Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible assets. Intangible assets exist in opposition to tangible assets, which include land, vehicles, equipment, and inventory….

A prepaid expense is a type of asset on the balance sheet that results from a business making advanced payments for goods or services to be received in the future. Prepaid expenses are initially recorded as assets, but their value is expensed over ti…

This might give you an edge if you’ve since bounced back from your economic woes – you might not be insolvent in your current financial condition, but you were back when the debt was canceled. A taxpayer is insolvent when his or her total liabilities…

This is because there are very few good substitutes for gasoline and consumers are still willing to buy it even at relatively high prices. Price elasticity of demand (Epd), or elasticity, is the degree to which the effective desire for something chan…

They can vary from something as simple as making several sets of plans for a construction project to a software project using an iterative development process, quality control, requirements management and change control. Each of those items would als…

Direct material are those material which are easily identified, conveniently measured and directly charged to the cost of production. Indirect Material are those materials which cannot be conveniently identified & allocated to the cost centre or…

Indirect costs are those for activities or services that benefit more than one project. Their precise benefits to a specific project are often difficult or impossible to trace. For example, it may be difficult to determine precisely how the activitie…