Payroll taxes, which include Social Security and Medicare taxes, must be paid on this salary, which total of 15.3% of your wages (yup that’s the same amount as self-employment tax).These […]

The amount of insurance that was incurred/used up/expired during the period of time appearing in the heading of the income statement. A related account is Insurance Expense, which appears on […]

This involves collaborating with various departments to align their goals with the overall business strategy. The COO must identify potential operational risks and develop strategies to minimize their impact on […]

McCracken Alliance connects growing businesses with battle-tested CFOs who combine deep accounting expertise with real-world financial leadership experience. Digging deeper into individual current asset categories reveals operational strengths and weaknesses. […]

We’ll help you anticipate and address potential investor concerns before they arise. Whether you’re securing your next round of funding or planning for future growth, our expert financial forecasting ensures […]

Self-employment tax – If you’re operating as a sole proprietor or single-member LLC, you’re required to pay self-employment tax, which covers Social Security and Medicare contributions. Use financial insights to […]

Your balance sheet is more foreclosure than just a tool for tracking assets and liabilities; it plays a key role in shaping your financial strategy. A higher debt-to-asset ratio indicates […]