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Setting S Corporation Salaries Setting S Corporation Salaries S corporations can save their owners enormous amounts of tax. How? By correctly setting salaries for shareholder-employees and thereby reducing payroll taxes.
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Note:Yellow highlighted items in my cheat sheet represent the Normal Type Of Balance For an Account - Debit or Credit The purpose of my cheat sheet is to serve as an aid for those needing help in determining how to record the debits and credits for a transaction. My "Cheat Sheet" Table begins by illustrating that source documents such as sales invoices and checks are analyzed and then recorded in Journals using debits and credits. These Journals are then summarized and the debit and credit balances are Posted (transferred) to the General Ledger Accounts and the amounts are posted to the left side of the general ledger accounts for debit balances and to the right side of the general ledger accounts for credit balances. The General Ledger Accounts are made up of Balance Sheet and Income Statement Accounts. Debit/Credit Cheat Sheet Debit/Credit Cheat Sheet
How to Start a Clothing Line | Fuel for Design How to Start a Clothing Line | Fuel for Design If you have ever wondered how to start a clothing line business, then this blog is for you. Furthermore, if you are interested in finding success in your business, and making it a long-term source of major income, then this blog is for you. Let Me Help You Find Success In Your Clothing Line