California State Taxes 2021-2022: Income And Sales Tax Rates

Categories
Bookkeeping

Married couples filing their California income tax return jointly will usually have wider tax brackets than those filing separately or as an individual. They also include a standard deduction of $4,083 for singles, $9,606 for a couple, and exemptions as tax credits of $129 and $258, respectively. You can find more details in the Omni […]

What is a Credit Memo? Definition and How to Create

Categories
Bookkeeping

At first glance, a credit memo and refund might seem like the same thing, but there’s a difference. Technically, a refund involves a reversal of the original purchase transaction. For example, let’s say you purchase an item of clothing from a local retailer with a 30-day return policy. One week later, you decide to return […]