Why Gross Margin is an important metric?
We are looking at the word gross margin. Gross margin is a company’s total revenue minus by the COGS (cost of goods sold), divide by the...
Is your income from your hobby taxable income?
Did you know that a taxpayer must report income on their tax return even it is made from a hobby? However, as a taxpayer, you must...
Accounting Word of the Week: Deferred Charge
Today we are looking at deferred charge. A deferred charge is a prepaid expense that is regarded as an asset on a balance sheet. This...