Category: Bookkeeping

Clothing purchases, including shoes, jackets and even costumes, are exempt up to $175. A product that costs more than $175 is taxable above that amount, so a $200 pair of shoes would be taxed at 6.25% on the $25 above the exemption limit. Other exempt items include newspapers, admissions tickets (i.e. to movies or sporting […]

These items may warrant further investigation to see if they are indicative of trends in the business or if they are one-time events. If you’re looking to invest in a company, horizontal analysis can be a helpful tool in your decision-making process. Understanding how the company has changed over time can better comprehend its potential […]