Is Rent A liabilities? Current liabilities are debts payable within one year, while long-term liabilities are debts payable over a longer period. … Items like rent, deferred taxes, p… Read More

Is tax liability the same as tax due? Tax Liability = Taxes calculated on your taxable income. Tax Due = Taxes you still owe after withholdings, estimated payments, tax credits, etc, have b… Read More

Definition of Long Term Liabilities The term long-term liabilities refer to those obligations of an entity that are expected to be settled after a period of twelve months from the reporting… Read More

When you’re preparing financial statements for your small business, one of the most important documents is the balance sheet. There is an abundance of informati… Read More

Do you want to know how to financing the purchase of an existing business? In this article, we will discuss 10 effective ways that will help you finance a business purchase. Many buyers… Read More