How Do Dividends Affect the Balance Sheet?

This reduction happens because dividends are considered a distribution of profits that no longer remain with the company. Retained earnings are also known as accumulated earnings, earned surplus, undistributed profits, or retained income. Retained earnings act as a...

What Are Fringe Benefits? How They Work and Types

Worker’s compensation is exempt from taxation at the federal or state level as long as the benefits are received « for an occupational sickness or injury. » Unemployment insurance (UI) is taxable at the federal level but not every state imposes a tax on this...