14 February, 2024

Tax Shield: Definition, Formula for Calculation, and Example

These deductions reduce a taxpayer’s taxable income for a given year or defer income taxes into future years. Tax shields lower the overall amount of taxes […]
3 November, 2023

The Accounting Equation: What It Is & The Effects of Common Transactions

It is an important financial statement that is a key component of the balance sheet. While the financial landscape continues to evolve and undergo dynamic changes, […]
21 June, 2023

QuickBooks File Formats Common Extensions for Windows & Mac

Every time you back up a file, the platform keeps track of changes to the file. The next time you back up the file, QuickBooks resets […]
12 April, 2023

Wave: Small Business Software Wave Financial

Melissa Lenos, CPB, PCP, founder of King Business Solutions Inc. and partner of KBS Accounting. Providing accurate and timely payroll and bookkeeping solutions to clients across […]
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