Janet Berry-Johnson
A freelance writer with a background in accounting and income tax planning and preparation for individuals and small businesses, Janet Berry-Johnson is a regular contributor to several online publications, including Business Insider, Money Crashers, and Self Financial. She helps people make sense of complicated accounting and income tax questions.
More From This Author
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Small Business Taxes: Everything You Need to Know
Let's take another look at everything you need to know about taxes and small business
· 4 min read
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What Is a PTIN Number? And Does Your Tax Preparer Have One?
Having a PTIN alone isn't an indication of a tax preparer's skills or experience, but it does show they've at least complied with the minimum requirements to charge for their services.
· 3 min read
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What Are the Benefits of Pass-Through Taxation?
One of the main tax benefits of electing a pass-through business structure is avoiding double taxation. Business earnings are only taxed once, on the owner or shareholder's personal tax return.
· 5 min read
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What Are Employment Taxes? What Small Businesses Should Know
Employment taxes are related to compensation. Complying with these tax laws can be complex but are necessary to avoid hefty penalties.
· 3 min read
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What Is MACRS Depreciation?
Most long-term assets you use in your business must be depreciated using the MACRS depreciation method—at least on your tax return.
· 4 min read
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What Is Current Ratio and How to Calculate It
Current ratio is a measure of a company's liquidity, or its ability to pay its short-term obligations using its current assets. It's also a useful ratio for keeping tabs on an organization's overall financial health.
· 3 min read
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What Is Fixed Cost?
Fixed costs are expenses you pay each month, regardless of your business's sales or production. Understanding your fixed costs can help you price your products and remain profitable.
· 4 min read
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What Is Variable Cost?
Understanding your business' variable costs can help you price your products correctly, remain profitable, and grow your business.
· 3 min read
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What Are Retained Earnings? How to Calculate Them
Retained earnings are the profits that remain in your business after all expenses have been paid and all distributions have been paid out to shareholders.
· 3 min read
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How to Put Your Federal Tax Refund to Work in Your Business
An extra influx of cash from a tax refund is always welcome. But don't squander that windfall away on things that won't help your business. Take time to consider the best way to use your tax refund in your business and use it wisely.
· 4 min read
