Bookkeeping

For example, if you have a tax rate of 24 percent and you have $2,000 in mortgage interest, you can determine that your tax shield would be $480. There are all sorts of opportunities to help reduce the total tax amount you owe when submitting tax filings. In this post, we’ll dive into a concept […]

For the interest that accrues, you’ll also need to record the amount in your Interest Expense and Interest Payable accounts. The face of the note payable or promissory note should show the following information. You can compare the rate you’d earn with notes payable to rates on similar assets such as fixed-rate bonds, Treasuries, or

Rebalancing is the periodic process where investors return their portfolio to its original asset allocation mix. Rebalancing is required since certain investments will grow faster than others over time. As a result, it may cause your holdings to diverge from your investment objectives. By rebalancing, you safeguard that your portfolio is not overweight in any