Tax-Exemption of Separation Pays

  Separation pay is the amount due to employees who have been terminated from service/employment due to reasons allowed by law and not due to the wrongdoings of the employees. …

Withholding Tax On Compensation

    Withholding tax on compensation is the tax withheld from income payments to individuals arising from an employer-employee relationship. The one withholding the tax is the employer. The employer …

Accounting Branches

Accounting is a very broad topic to be discussed with, which means that an Accountant should also be versed well also with the different branches of Accounting. The following are …

Types of Audit

An audit opinion is a written statement of an independent auditor upon his completion of an independent, unbiased and professional evaluation of the financial statements presented by the company. There are two …

Business Events in Accounting

A business event in accounting is also known as business transactions which basically means an exchange of value between two different groups. The exchange is usually called an event when …

Controller vs Treasurer

A controller is the head of accountant of the company. They supervise other accountants and oversee the preparation of financial reports. It exercises a line function. They are the one responsible for …