These scrap prices are for reference only based on market trends and resources. Download our app for free and get instant access to all National Scrap Prices and market trends. By using the iScrap App, you will receive notifications when the market is moving, and it’s time to either HOLD or SELL. Report your local scrap metal prices right the …

Qualified creative expenses are expenses paid or incurred by a freelance (self-employed) writer, photographer, or artist whose personal efforts create (or can reasonably be expected to create) certain properties. These expenses do not include expenses related to printing, photographic plates, motion picture films, video tapes, or similar items. You can choose to claim the loss separately as a casualty or …

When deferred expenses and revenues have yet to be recognized, their information is stored on the balance sheet. As soon as the expense is incurred and the revenue is earned, the information is transferred from the balance sheet to the income statement. Two main types of deferrals are prepaid expenses and unearned revenues. Once all balances are transferred to the …

Cryptocurrency tax reporting software that streamlines the compliance workflow process. Review consolidated filings with the SubView module, which itemizes member amounts for each line of the return. Protect your data with multiple layers of security, including network security, virus protection, encryption schemes, and more. Find all the help you need, right here — including technical support, training, and advice from …

If your credit policy requires payment within 30 days, you might want your ratio to be closer to 12. The discount or premium resulting from the determination of present value in cash or noncash transactions is not an asset or liability separable from the note that gives rise to it. Therefore, the discount or premium shall be reported in the …

This suite of online courses from Cornell Small Farms are accessed on a user-friendly platform, which grants registrants permanent access to their course content. Also, courses have tiered pricing based on household size and income to make access to the courses more affordable and equitable for everyone. So you’re thinking about starting a farm, but feeling overwhelmed by all the …

The accrual accounting method becomes valuable in large and complex business entities, given the more accurate picture it provides about a company’s true financial position. A typical example is a construction firm, which may win a long-term construction project without full cash payment until the completion of the project. In financial accounting, accruals refer to the recording of revenues a …

For example, when you run reports or review parts of your accounting with your accountant, you’ll have a better idea of what they’re talking about and be able to offer more accurate and valuable input. These reports are arguably one of the three most important things your accounting system does for you (the others being tracking your finances and preparing …

Once you have your fixed costs and variable expenses totaled, add the two amounts together to determine how much you’re spending every month. Take this total and subtract it from your total monthly net income or take-home pay. A simple rule of thumb is to save that money every month or use it to pay down high-interest debt. We’ll also …

The interest coverage ratio is also called the “times interest earned” ratio. The interest coverage ratio measures a company’s ability to handle its outstanding debt. It is one of a number of debt ratios that can be used to evaluate a company’s financial condition. The term “coverage” refers to the length of time—ordinarily, the number of fiscal years—for which interest payments …