Allowing employees to earn a bank of paid time off has its advantages for small business owners. Policies that give workers PTO days rather than assign a fixed number of days for vacation time and ...

Accrued revenue is revenue that has not been received by the end of the accounting period in which the revenue is earned. Net income is a positive balance on an income statement after adjustments are ...

In recent years, several states have adopted new laws requiring paid sick leave for certain employees. While each state law differs, most of the new legislation specifically provides that employers do ...

Opinions expressed by Entrepreneur contributors are their own. One of the more alluring benefits for prospective job candidates is having unlimited paid time off, or PTO. But while the premise of ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

You’re fresh out of college, a new hire at the local CPA firm. It’s your first tax season, and you’re handed a business tax return to prepare. As you peruse the file, you notice that in preparing the ...

A book was returned to its library home in Massachusetts- 90 years after it had been checked out. The book accrued over $600 in debt. The Watertown Free Public Library said in a Facebook post that the ...

There are many industries where companies provide goods or services but aren’t immediately paid for them. From an accrual basis accounting standpoint, these represent accrued revenue for the company.

With 2013 rapidly approaching, many employers will soon determine the year-end bonus payments they'll make to their employees. As a recent IRS Private Letter Ruling reminds us, however, for an accrual ...

Governor Alejandro García Padilla recently signed Law No. 251 (House Bill 695), a measure that provides caregiver leave under Puerto Rico law. This law, which is effective immediately, amends the ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Since JIL had already received the entire principal amount determined as its entitlement, and neither the interim nor the final orders of this Tribunal conferred any right to claim interest for the ...