How do you get bonded for doing accounting for private residences and what kind of bond do you need?
Just a few years ago, all you needed was a good insurance policy. Today, however, more and more companies are opting to become both bonded and insured
Just a few years ago, all you needed was a good insurance policy. Today, however, more and more companies are opting to become both bonded and insured – including accountants. Bonding usually offers an additional level of protection. You can obtain bonding coverage from either an independent bonding company or through your insurance agent if they provide these services. Check your local yellow pages or ask your business associates for a referral. You should know that a bond for a sole proprietorship that has no employees or independent contractors is totally useless; a bond protects an employer from dishonest acts (such as theft) caused by an employee or independent contractor of the employer. Here’s a loophole that you need to know about. If you bond an independent contractor, the IRS will automatically consider them an employee of your company and you will be obligated to pay workers compensation insurance and withhold taxes. So never bond an independent contractor or you will be dealing with the IRS and your state's tax commissioner. Also, a bond is not paid out like a traditional insurance policy. For a bond to be paid, a covered employee must be arrested, tried, convicted and sentenced. Bottom line, unless you are bringing employees on board, don’t pay for bonding. Invest in a good business insurance and general liability policy. Discuss your options with your insurance agent, attorney or tax adviser.
Accounting is a great field to find a job in because accountants are always necessary! The best part of looking for a job in accounting is that one can work independently AS an accountant, or as part of the accounting department for a company that provides other services. For example, an accountant may find a job doing accounting for a hotel.
to start at an accounting firm you generally need a college degree with at least 15 upper level accounting hours. you can start out doing general bookwork, taxes, or cpa level work. pay varies accordingly. advice? get accounting degree and cpa, go work for public accounting firm and you can write your own ticket.
Is there any reason to be concerned by the role of private corporation in the development of agricultural biotechnology?
Well, since it is a private business you are not going to be able to monitor the businesses' research and what it is really doing. What if McDonald's was a private company and they were using rabbits in the hamburgers instead of beef. If they were private, you wouldn't have a clue they were doing that.
Can you get an accounting clerk job with just a certificate in accounting or should you go for an associate's degree?
It really depends on who is doing the hiring, and what they list as the job requirements. However I will say this; The higher the degree, the more doors that will be open to you. If you have the opportunity, look into your home county community college. You can find a perfect accounting job for you at http://accounting-jobs-michigan.com
engineering. do engineering. you will be guaranteed a $20/hr job after graduation. one who holds an engineering degree can do any business related job, just not accounting. accounting on the other hand can do any business job, but not engineering. also not to mention, accounting is very very boring work. what's your pick? I'm doing civil. good luck
It can mean doing financial accounts. It can also refer to one of the formatting options available. Accounting format is used for monetary values. It aligns the currency symbols and decimal points of numbers in a column. The Accounting format displays zeros as dashes and negative numbers in parentheses.
Merits of Management Accounting Management Accounting helps in Budgeting by classifying and calculating costs and estimating the costs and revenues for the future. Management Accounting plays a major role in the internal decision making for the organization. Management accountants also find ways to manage the organization's resources in a better way by doing cost savings. Management Accounting makes it possible for the management to understand the needs of the organization and those of the different…
Accounting is a service-based profession that provides reliable and relevant financial information useful in making decisions. Accounting is the recording, reporting, and analysis of financial transactions of a business. A person in charge of accounting is known as an accountant, and this individual is typically require to follow a set of rules and regulations, such as the Generally Accepted Accounting Principle (GAAP). Accounting allows a company to analyze the financial performance of the business, in…
You could do this yourself if the business is small. However, doing it takes up your time and diverts your energy way form the business itself. Frequently people get behind or muddled with their accounts! You need good, ongoing accounting information to know how your business is doing (you could be making a loss without knowing it!) and so that, at the end of the year, you can make a tax return and pay any…
This is based on your opinion. This depends to what extent you are doing for accounting. Quickbooks seems like a good basic accounting software based on the link results. But with the accessibility of certain features seem to have little constraints with Quickbooks. Instead, to have a check with an alternative, you can also have a try with other reliable software say Handdy Jotbook, etc. Wherein, you don't have any accounting jargon.
I think you meant to ask what is depreciation. This is the value given to the wearing out of assets in accounting term. When you buy an asset like a Car the value of it will always go down as you use it. In Accounting this is called depreciation and you have to provide for it when doing the accounts.
accounting is both an art and science.........but more than science it is an art.because it fulfills the both aspect of an art(knowledge+ systematic work pattern).it fulfills only one aspect of science(knowledge for doing work in a system) but there is no logic or fact behind every accounting concept or rule ..........science based upon fasts and logic..
I am running a business and doing my own accounting and unable to concentrate much on my business because of tedious work Do I need to keep an accountant or outsource my accounting?
I would highly suggest outsourcing it so you can focus on your core business. AND also save money. Check Peak Virtual Accounting: www.peakvirtualaccounting.com They do all sort of accounting services virtually. Its pretty cool. The good thing about them is that they have their rates on their website so you can actually see how much you can save by outsourcing.
It depends on what you will be doing, and of course on your employer. Needless to say it is a good safeguard for both parties. In some states, if you are doing child or health care you have to be bonded and have a background check (usually by the state police). There are bond companies(check the yellow pages) and some homeowner's insurance will place a "rider" on the policy serving as a bond. The amount…
The accounting definition of capitalized is a method used to delay the recognition of expenses by recording the expense as long-term assets. Basically you write off the cost of what you're currently doing or purchasing and instead think of the long term capital you will gain from the product or service.