Strategies to optimize your finances

A FUTA credit reduction raises the federal unemployment tax employers owe in certain states. See who is affected and how to report it on Form 940.

A Section 125 cafeteria plan lets employees pay for benefits with pre-tax dollars, cutting taxes for everyone. Here is how these plans work.

FASB ASC 220 covers comprehensive income reporting requirements, OCI components, change in equity, and statement of changes presentation.

Learn who must file IRS Form 944, how it differs from Form 941, payroll tax reporting rules, and how to avoid penalties.

The equity method of accounting under ASC 323 covers investments and joint ventures. See when to use it and how to record earnings.

ASC 815 requires every derivative on the balance sheet at fair value. See how hedge accounting tames the earnings swings that creates.