Minimum Wage U S. Department of Labor

Economists and other political commentators have proposed alternatives to the minimum wage. Proponents argue that an increase would help make the minimum wage a living wage—that is, it would be enough for workers to have a satisfactory standard of living. They also claim that a raise would boost worker productivity, reduce income inequality, spur economic growth,…

How to Categorize Expenses in Bookkeeping: A Clear Guide for Accurate Financial Management

Miscellaneous expenses refer to costs that don’t neatly fit into any specific category of business spending. They are often infrequent or minor expenses that are not part of the types of expenses regular business operations, such as one-off repairs or small office needs. It’s recommended that you get accounting help to correctly identify what business…

The Basics of Franchise Accounting

The franchise model is a win-win situation for both the franchisee and the franchisor. They are no longer a back-office position in a company with little to no personal ownership. They are built from the ground up with an operational headquarters in each franchisee’s market, a team of entrepreneurs, employees, lawyers and CPA’s. This gives…