Bookkeeping

Taxable gifts made by the decedent as a New York resident within three years prior to death are included as part of the estate. The number of dependents reported on New Yorkers’ tax returns markedly declined over the past 6 years. New York has a progressive income tax system, like the federal government, with income […]

As the company loses ownership of its liquid assets in the form of cash dividends, it reduces the company’s asset value on the balance sheet, thereby impacting RE. Dividends can attract investors, reward shareholders, and provide a regular income stream. They can also signal confidence in the company’s profitability and stability, enhancing the company’s balanced […]

But Merritt Bookkeeping’s most stand-out feature might be its in-depth financial reports. Most other virtual bookkeeping services give you basic financial reports only, like income statements and balance sheets. In contrast, Merritt gives you more detailed reports like forecasting and quarterly comparisons. There are many factors to consider, such as if they can handle the […]