In bookkeeping and accounting, a tax deduction refers to an allowable expense or cost that can be subtracted from a taxpayer’s total taxable income, which in turn reduces the amount

Stock management, also known as inventory management, is a crucial aspect of bookkeeping and accounting that involves the control, monitoring, and accounting for a company’s inventory or stock of goods

A sole proprietorship is the simplest form of business organization in bookkeeping and accounting. It is a type of business structure where a single individual owns and operates a business,

Self-employment tax is a tax that self-employed individuals are required to pay to fund Social Security and Medicare, which are collectively referred to as the Federal Insurance Contributions Act (FICA)

In bookkeeping and accounting, retained earnings (RE) represent the cumulative profits or losses of a company that have been retained in the business after paying dividends to shareholders (if applicable).

In bookkeeping and accounting, profit margin is calculated as a percentage to measure the profitability of a company relative to its revenue or sales. There are different types of profit