news

What is pro rata in banking?

Pro rata is a Latin term used to describe a proportionate allocation. If something is given out to people on a pro rata basis, it means assigning an amoun...

Published: Apr 20, 2026

general

Are school administrators overpaid?

Considering then that teachers’ salaries are lower than others in the marketplace and administrators earn only marginally more (when all factors are consi...

Published: Apr 20, 2026

news

What are raw materials and components?

raw materials and components means any and all raw materials and components (such as bulk drug, chemicals, containers, closures, packaging, Labeling, etc....

Published: Apr 20, 2026

updates

How long did it take to get your taxes 2021?

Tax refund process Delivery type Delivery time (date filed – receipt of tax refund) E-file with direct deposit 1-3 weeks Paper file with direct deposit 3 ...

Published: Apr 20, 2026

updates

How is an S Corp taxed in Massachusetts?

An S corporation is subject to the non-income measure of the corporate excise at a rate of $2.60 per $1,000 of either taxable Massachusetts tangible perso...

Published: Apr 20, 2026

updates

Do you have to report SSA on your tax return?

If you received Social Security benefits during the tax year, you will receive a Form SSA-1099 from the Social Security Administration. The IRS will also ...

Published: Apr 20, 2026

updates

Do states tax Early 401k distributions?

Because payments received from your 401(k) account are considered income and taxed at the federal level, you must also pay state income taxes on the funds...

Published: Apr 20, 2026

updates

Who is responsible for debts in a general partnership?

General partnership. A general partnership can be automatically created without any paperwork if two or more people agree to carry on a business or activi...

Published: Apr 20, 2026

updates

Why would a business get audited?

The main reasons for the audit are to provide reasonable assurance that the financial statements are free from material misstatements and errors and to en...

Published: Apr 20, 2026

updates

How much do intermediary banks charge for wire transfers?

Fees range from $0 to more than $40. Sending wire transfers can be an expensive way to move money from one bank account to another, with typical outgoing ...

Published: Apr 20, 2026