When referring to vacation, personal, and sick days, the term PTO is used by businesses as an overarching phrase to define employees’ time off. Based on a company’s policy, employees can accrue PTO or receive an allotted amount per year. PTO can renew at the beginning of each year or […]
Bookkeeping
3 posts
In this new equation, the owner’s equity is broken down further into more detailed components. The objective of doing this is for the financial analysts to have more insights into how the company’s profits are being used. They check if profits are being used as dividends, company improvements, or retained […]
On the surface, this tip credit reduces your cash wages below the applicable minimum wage, but your amount of tips should make up for it. Added together, the tip credit plus your cash wages have to be at least the minimum wage. As we’ll see below, tip credits also work […]
