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Janet Berry-Johnson

CPA

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

What is an employee stock purchase plan?

An employee stock purchase plan, or ESPP, is a program that allows employees to use after-tax payroll deductions to buy their employer's stock,…

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Should you pay taxes online with a credit card?

You can pay taxes with a credit card. But should you? In some situations, paying your taxes with a credit card could be a good option if you…

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Is my hobby income taxable?

Many people earn a little income from activities that are more hobby than business, but you might not realize that income is taxable in the eyes of…

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What is deferred revenue?

Deferred revenue is any payment your business receives for products or services that will be delivered later. It's commonly used in insurance,…

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What is an expense report?

Businesses can use expense reports to claim valuable tax deductions and confirm that employee expense reimbursements are legitimate business expenses.

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What is net income?

Net income is an important metric for businesses because it represents the money left over that can be distributed to shareholders, invested back…

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What is 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…

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How to make a cash flow statement

In a perfect world, you'd always have more money flowing into your business than flowing out. But many businesses face cash shortages from time to…

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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…

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What is the qualified business income deduction?

Find out what the qualified business deduction is and how it can provide your business with valuable tax breaks.

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