Category Archives: Bookkeeping

For instance, top-performing AP teams process nearly four times the number of invoices than bottom performers, according to American Productivity & Quality Center (APQC) benchmarking data. While cost reduction can be important, it’s rarely the sole motivation for outsourcing AP. In fact, Deloitte reports that COVID challenges have most organizations focused on “standardization and process efficiency” as […]

Accounts payable is one of the most important—and complex—aspects of any business. Managing payments, invoices, and vendor relationships can be time-consuming and difficult to keep track of. You should also pick partners used to working with similarly sized organizations. With less scale, smaller enterprises need more flexibility from outsourcing partners than multinational corporations. Larger outsourcers are […]

This means there is a far greater need for EAs today than in the past. Given the current rising number of examinations, more citizens have found themselves in need of representation. To a large degree, the job of enrollment agents is actually recession proof. Enrolled agents ensure that citizens receive competent representation. Becoming an enrolled […]

86% of Supplemental Security Income (SSI) recipients received payments because of disability or blindness in 2020. A rebound in food inflation and healthy upticks in year-over-year prices for shelter and medical care services have ensured that benefits will move higher in 2021. Although the variance in these monthly payouts is sizable, ages 62 and 70 are […]

The majority of small business owners and start-up founders are on their toes almost every day. Though several activities stake their claim on your time, accounting and bookkeeping form a significant chunk of your workload. Accurate records increase a small business’s chances of success. Records also are critical at tax time, when a business must […]

The relatively high average payment to children (compared with payments made to blind and disabled adults) is due in part to a limited amount of other countable income. The spike in average monthly benefits in 1992 is due to retroactive payments resulting from the Sullivan v. Zebley decision. As of December 2020, blind and disabled children […]

The following accounting checklist lays out a recommended timeline for the accounting functions that will show the state of your business and allow you to streamline your tax preparation. For a thorough understanding of business accounting, continue reading. If you’re looking for a specific answer, use the links below to jump to a section of […]

Large Language Models (LLMs) are trained on vast volumes of data and use billions of parameters to generate original output for tasks like answering questions, translating languages, and completing sentences. RAG extends the already powerful capabilities of LLMs to specific domains or an organization’s internal knowledge base, all without the need to retrain the model. […]

These opinions often revolve around which ingredients are suitable for humans vs. pets, concerns about disease transmission and health, the economics of food production and personal preference, among other factors. When there are multiple products created from a production process, the byproducts can be discerned by seeing which ones have a minor resale value in […]

This allows the IRS to ensure taxes are ultimately paid at the shareholder level. In addition, S corporations have the obligation to file Form 1120S if they meet the filing requirement – having gross receipts of $250,000 or more, or total assets of $250,000 or more. You should now have a pretty good idea of […]