What is a Limited Liability Company (LLC)? An LLC is a business where the owners are not personally liable for the debts and liabilities. The business structure of an LLC combines the limited liability protection of a corporation but with the flexible tax structure of a partnership or sole proprietorship. An LLC is therefore regarded …
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The recently passed Coronavirus Aid, Relief, and Economic Security (CARES) Act provides individuals and businesses significant financial relief from the financial strain caused by the coronavirus epidemic. Here is a snapshot of the unemployment benefits section of the bill and how it affects individuals and businesses. WHO QUALIFIES TO RECEIVE STATE UNEMPLOYMENT BENEFITS? In addition …
COVID-19 Bill Enhances Your Unemployment Benefits Read More »
An important part of your overall financial forecasting is to include a projected cash flow statement. Essentially, this financial statement will show you exactly where your money is coming in from and to where it is going out. This type of financial statement will be required by many investors and loan officers; however, it is …
Financial ratios such as the equity ratio play an important role in financial statement analysis because they are easy to calculate and provide a gauge for business performance. The equity ratio is a solvency ratio, providing insight into capital structure, the company’s assets, equity and the financial well-being of a business. Below are the advantages …
What is the Equity Ratio and how is it Calculated? Read More »
The labor efficiency variance formula is referenced under several names. To be accurate, the formula is used to measure direct labor rate variance. That sounds pretty technical, but it’s a simple enough concept. Direct labor variance is a means to mathematically compare expected labor costs to actual labor costs. More specifically, the formula looks at …