Direct deposit is a secure electronic method of transferring funds from one bank account to another. In terms of payroll processing, employees receive their wages directly in their designated bank account instead of receiving a physical paycheck. This method of payment offers several advantages, including convenience, speed, and security. The steps for setting up direct…
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How to Do Payroll in Kentucky: What Employers Need to Know
Learning how to do payroll in Kentucky and handling the state’s taxes is pretty straightforward. Unlike in some other states, Kentucky does not have any local taxes and has only one state payroll tax form, making this one of the easiest states in which to run your company’s payroll. Step-by-Step Guide to Running Kentucky Payroll…
13 Tips on How to Make Money Flipping Houses
House flipping has become a lucrative endeavor for many investors because it offers substantial returns on investment. However, investors will encounter a host of challenges throughout the house-flipping process. These include managing renovation expenses, adapting to market fluctuations, and ensuring projects stay on schedule. This article provides 13 invaluable tips for investors to navigate these…
How to Find & Buy for Sale by Owner (FSBO) Homes in 6 Steps
The process of locating and purchasing for sale by owner (FSBO) properties can be a complex endeavor for investors. However, FSBO properties are financially attractive for investors expanding their real estate portfolio. This process involves multiple stages, starting with identifying an FSBO listing to securing appropriate financing and completing the closing procedures. We’ve identified six…
How to Detect Counterfeit Money: Ultimate Guide
Counterfeit money is currency produced by someone other than the government intended to deceive the recipient into believing it is authentic. Learning how to detect counterfeit money is a crucial part of store management. In 2022 alone, the Secret Service seized over $41.5 million in counterfeit currency. We go through the details below, but first,…
How to Do Payroll in Alabama: What Employers Need to Know
In Alabama, processing payroll and calculating the corresponding taxes is mostly straightforward, though there are some nuances to pay attention to. The state levies local taxes in some areas, which can impact payroll tax calculations. With only one state payroll form, however, Alabama generally follows federal guidelines, making it one of the easiest states in…
Sales Tax Accounting: How To Make Journal Entries
Almost all states in the United States (except for Alaska, Delaware, Montana, New Hampshire, and Oregon) have sales tax laws, and chances are that you are living in a state that charges sales tax. The journal entry for sales taxes involves recognizing a liability for the amount collected from customers and payable to the taxing…
How to Find Houses to Flip for Profit in 7 Ways
Looking for houses to buy, fix, and flip is a different process than looking for a primary home or a long-term investment property. Houses for flipping are typically distressed or worn down and in need of a wide range of repairs or renovations, which flippers can leverage to make a profit once the property is…