Amongst the spectrum of truck driving positions, the pinnacle of earnings lies with specialized hauling. These professionals command higher salaries due to the transportation of hazardous materials, oversized loads, or essential goods in remote or demanding conditions. Such expertise requires specialized training, licensing, and a meticulous adherence to safety regulations. As a result, these truck … Read more
Fiduciary funds are accounted for and reported in the government-wide financial statements. These are funds held in trust by a government for the benefit of individuals, organizations, or other entities. Fiduciary funds are typically established to manage specific assets or liabilities, such as pension plans, investment funds, or trust funds. They are accounted for separately … Read more
Eddie Irvine’s wealth stems from his successful career as a Formula One racing driver. He raced for renowned teams such as Jordan, Ferrari, and Jaguar, earning significant prize money and endorsement deals. Irvine’s financial acumen was also evident in his shrewd investments in real estate, including luxury hotels and residential properties. Additionally, he established a … Read more
Payment for Borrowed Funds (PFB) is an expense incurred by a company for using borrowed funds. These funds can come from sources such as loans, mortgages, or bonds. PFB is typically calculated as a percentage of the outstanding balance of the borrowed funds and is recorded as an interest expense on the company’s income statement. … Read more
Think tanks earn revenue from various sources, including government contracts, grants from foundations and corporations, individual donations, and fees for providing consulting services. Government contracts are often the most significant source of funding for think tanks, as they provide financial support for research and analysis related to public policy issues. However, government contracts can also … Read more
Debt collectors are not allowed to take your stimulus check. The stimulus check is a payment from the government to help people during the COVID-19 pandemic. It is not considered income, so it cannot be used to pay debts. If a debt collector tries to take your stimulus check, you should report them to the … Read more
You may be able to move your PSS super money to another super fund. To do this, you’ll need to contact the new super fund and ask them to start the transfer process. They’ll need some information from you, like your PSS membership number and your tax file number. Once they have this information, they’ll … Read more
Poets generally do not earn significant income solely from the sale of poetry collections. While some established poets may receive modest royalties or grants, poetry is often considered a labor of love rather than a lucrative profession. The majority of poets rely on other sources of income, such as teaching, freelance writing, or alternative employment, … Read more
Unappropriated retained earnings are a company’s profits that have not been distributed to shareholders as dividends or reinvested in the business. Since these earnings remain within the company, they are not subject to personal income tax. They are only taxed when they are either distributed to shareholders or when the company liquidates and distributes its … Read more
Self-employed individuals and employers can defer the payment of their share of Social Security taxes for wages paid to employees from March 27 through December 31, 2020. The deferred taxes are required to be paid back by April 30, 2022, or in equal installments by December 31, 2021, and December 31, 2022. To be eligible, … Read more