Categoria: Bookkeeping

  • Wage Payment and Collection Act Penalties Fair Labor Standards Division

    Each error will change your company’s knowledge of its floating PTO liabilities, materially impacting your company’s financial statements. PTO conversion enables employees to convert their unused paid time off into mental and financial wellness, based on their own needs and priorities. Effective management of PTO accrual involves fostering a culture that values work-life balance and…

  • Nonprofit Accounting Explained: How-Tos & Best Practices

    IRS Code Section 501(c)3 may be classified as either a public charity or a private foundation. Learn the key differences between between these two entities to ensure your organization is classified correctly. After you’ve registered as a nonprofit with your state, the next step is to apply for tax-exempt status under Section 501. While tax-exempt…