What is a revolver loan?
A revolver refers to a borrower—either an individual or a company—who carries a balance from month to month, via a revolving credit line. A revolver can s...
Category: General
Can A S Corp pay you as an employee?
Substantial Services Performed by a Shareholder. If you do substantial work for the S Corp and you are also a shareholder, then you will be considered an ...
Which is correct ask for or ask for?
We asked the City Council to help us organise a sports day. (ask + object + to-infinitive). I always ask for extra tomato sauce on my pizza. They asked th...
What is statute of limitations in business law?
The statute of limitations is a law that sets the maximum amount of time that parties in a dispute have to initiate legal proceedings. The length of time ...
How do you calculate FMV for donations?
Below is a donation value guide of what items generally sell for at Goodwill locations. To determine the fair market value of an item not on this list, us...
What should be included in an offering memorandum?
An offering memorandum is a legal document that states the objectives, risks, and terms of an investment involved with a private placement. This document ...
What is allocated payroll?
Salaries are allocated through using timesheets to record the actual effort (typically the number of hours) for each employee per activity, service, or pr...
How do I file a tax extension online?
You can e-File Form 4868 or Form 2350 for free on eFile.com. After you have e-Filed an IRS accepted tax extension, you can complete your 2020 Tax Return b...
What is the formula for earnings per share ratio?
Earnings per share or basic earnings per share is calculated by subtracting preferred dividends from net income and dividing by the weighted average commo...
What happens if you send an ACH to a closed account?
If you happen to send money into a closed account, the bank may keep it open. This allows customers to fix the oversight if not replenish the balance with...
