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Catégorie : Bookkeeping

Accounting for Owner-Operator Truck Drivers

Per diem pay is a type of non-taxable IRS reimbursement that covers meal and other expenses that you have as a truck driver when you’re away from home. “We do truckers’ bookkeeping and if they become an S-corp, we’ll do their payroll and their taxes. Fowler’s company, Trucker Tax Tools, has 45 locations through the […]

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Down Payment Assistance Programs & Grants by State 2026

Virginia’s first-time homebuyers can get a grant covering up to 2.5% of the home’s purchase price. Applicants must use the down payment assistance in conjunction with one of the VHFA’s home loan programs to qualify. This non-repayable grant is flexible, allowing recipients to use the funds beyond just down payments and closing costs. The South […]

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Gross, Operating, and Net Profit Margin: Whats the Difference?

The cost of goods sold amounts to $700,000, and the operating expenses total $200,000. To calculate gross profit, you need to subtract the cost of goods sold from the total revenue. While they are related, there are significant differences between operating income vs gross profit. By analyzing these metrics, investors can gain valuable insights into […]

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