0
What else can I help you with?
Should owner be on payroll?
Whether an owner should be on payroll depends on the business structure and the owner's role. In corporations, owners who actively work in the business typically should be on payroll to comply with tax regulations and ensure they receive a reasonable salary. In sole proprietorships or partnerships, owners often take draws instead of salaries. Consulting a financial or tax professional can help determine the best approach for your specific situation.
If your total liabilities decrease by 46000 and owners equity increased by 60000 during the same period what is the amount and increase or decrease of the total change in assets?
To determine the change in total assets, we can use the accounting equation: Assets = Liabilities + Owners' Equity. If total liabilities decrease by $46,000 and owners' equity increases by $60,000, the net change in assets would be a decrease of $46,000 plus an increase of $60,000, resulting in a total increase of $14,000 in assets.
What are some security issues that business owners need to consider when using online payroll?
Some security issues that business owners should be aware of when using online payroll systems is whether or not a reputable security system is being used. Verisign is one option.
Why do shareholders or owners need accounting information?
Share holders and owners need the financial information to see that how company performing and if there is any improvement required it should be done while shareholders needs to see that how company performing whether they should invest more or take out investment already made.
Do owners withdrawals decrease owners equity?
Yes owners withdrawals results in reduction of owners capital from business.
How can the owners of the hotchkiss hardware store determine whether they made a profit in April?
The owners of the Hotchkiss hardware store can determine their profit for April by calculating the total revenue generated from sales during the month and subtracting the total expenses incurred, including costs such as inventory, rent, utilities, and wages. By comparing these figures, they can assess whether the revenue exceeded the expenses, indicating a profit, or if expenses were greater, resulting in a loss. Additionally, analyzing sales trends and customer demand during April can provide insights into future profitability.
Can a HOA board of directors restrict open house weekends held by homeowners for sale by owners group?
Read your governing documents to determine whether or not this directive is listed.
Can the condo association close a swimming pool without a majority vote from owners?
Read your governing documents to determine whether or not this board action requires an owner vote. There is no standard.
Can Home Owner Association charge attorney fees to homeowners for a citation written by a lawyer?
Read your governing documents to determine how the fees should be charged, whether they should be charged to a limited number of owners, or to all owners in the association. Apparently, a citation was required to settle a difference of opinion among owners, or between owners and the board. Yes, this is association business, and yes, the fees should be charged to owners.
Is it legal to breed dogs in the backyard of a condominium?
Breeding dogs may or may not be a business. The 'backyard' may or may not be common area belonging to all owners, or limited common area owned by all but available to not all owners. Read your governing documents to determine whether or not you can operate a business from your unit. Also, read your governing documents to determine whether or not you have complete ownership of the backyard, or whether it also belongs to other owners. Finally, if you can operate a business and have complete control of the backyard, you may want to alert the board--and your neighbors--as to your operation, so that should someone complain, it is clear that you are operating within the bounds established by the association.
Can the owners get together and have a owners meeting?
during the offseason there is usually an owners meeting and a general managers meeting
How were slaves counted to determine representation?
By the owners whipping them one by one
How do you determine the features of your rear view mirror?
look in the owners manual
Where can I find a Nighthawk 750 owners manual?
jc Whitney catalogs it. whether they actually have it or not...
Where do you add transmission fluid on 1994 Ford Ranger 4.0 with no owners manual?
You would add it in the same location whether you have the owners manual or not! (sorry, couldn't resist)
Why can't WE contribute to the accuracy of an answer?
No I have no answer... But A Home Owners Associationis subject to Corporate Law whether they are Incorporated or not.
Is a incorporation for battered women consider non-profit?
Whether a company is "non-profit" or otherwise basically depends on whether it is registered in a way that allows the owners to get profit from it, or not.
