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Xero vs QuickBooks 2024 Comparison

NerdWallet’s accounting software ratings favor products that are easy to use, reasonably priced, have a robust feature set and can grow with your business. Learn more about how we rate small-business accounting software. Xero and QuickBooks are both great accounting...

How Long to Keep Financial Documents

Digitizing your records is also a great way to avoid accidentally tossing them in a move or an overzealous fit of spring cleaning. Plus, let’s not forget that paper records can fade, and are susceptible to damage. If your bank doesn’t have online banking, it’s best to...

What does FICA mean? Tax rate and your paycheck, explained

It’s important to note that there is an additional Medicare tax for high earners. If an individual’s income exceeds a certain threshold, they are required to pay an additional 0.9% in Medicare tax on the excess earnings. For 2024, this threshold is $200,000 for...

How to Calculate the Effective After-Tax Yield

Dividing by inflation reflects the fact that a dollar in hand today is worth more than a dollar in hand tomorrow. In other words, future dollars have less purchasing power than today’s dollars. The After Tax Real Interest Rate Calculator is a tool designed to help...