Bookkeeping involves monitoring a company’s financial transactions and entering individual funds owed using a debit and savings system. Each entry represents a unique merchant transaction. All accounting tools have a chart of accounts that lists actual liabilities and account categories. A company’s balance sheet and income statement usually have at least one account for each...
Coffee. If just reading the word makes you want a cup of it, this blog is especially for you. It is known worldwide that coffee is the most effective and most used stimulant in the office or other workplaces. But does that mean it is scientifically approved for regular intake? Let’s face the fact that...
Employer Identification Number (EIN) or Federal Employer Identification Number (FEIN) is a Tax ID number issued by the IRS in the US. It is a unique, 9-digit number given to business entities, just like SSN is given to individuals. Understanding EIN in detail As conveyed by the IRS, EIN is mandatory for some, while...
EIN Basics EIN is a US Tax ID number which is mandatory, whether or not you own a business where you need to hire employees. It is a responsibility to get an EIN which must be fulfilled. Even if you have an established business, a start-up firm, or you are just planning to have a...
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