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Accounting, Payroll & Pension Issues/Expert Profile

Arthur Naman

U.S.

Available

Expertise

General accounting and bookkeeping questions. How to do monthly bookkeeping, how to prepare financial reports. How to reconcile accounts.

I cannot answer questions pertaining to pension or retirement planning.

This is not a forum to have homework answered. Please do your own homework.

Experience in the area

30 years' experience doing tax and accounting work

Education/Credentials

MPA from Univ. of Texas at Austin, MBA Golden Gate Univ, San Francisco CA

What do you like about this subject?

Accounting is information for the small business owner. If your information is better, your business decisions should be better, then your business can become more profitable.

What do you still hope to achieve/learn in this field?

Often small business get into trouble or fail due to lack of information about their business. The more information a small business owner has, the more likely the business will succeed.

Something interesting about this subject that others may not know:

Simply looking at the amount of cash a small business earns may not necessarily provide all the information a small business owner needs.

Average Ratings

Recent Reviews from Users

User	Date	K	C	T	P	Comments
N	10/26/09	10	10	10	10	Highly appreciated your effort on this question .....
michelle	09/04/09	10	10	10	10	Quick response time, good information
Berni	08/20/09	10	10	8	10	Thanks for your help. You confirmed what .....
NQL	08/07/09	10	10	10	10	understood, Sir.
Yesha	07/31/09	10	10	10	10	Thanks so much, Arthur!

Recent Answers from Arthur Naman

2009-10-25 office administration:

Your question is too broad. There is no answer to your question as it depends on the company. Generally, an office administrator requires minimal training in financing. The term "finance" is generally

2009-10-23 Leasing-Finance or Operating Lease:

For a financing lease, the lease term equals or exceeds 75% of the asset's useful life. And, the present value of the lease payments equals or exceeds 90% of the initial cost. An operating lease does

2009-10-12 payroll taxes:

FICA and unemployment taxes are around 10% plus a bit for state unemployment taxes = 12% about. You did not mention health insurance, any pension costs or other employee-related expenses. At this

2009-10-07 Leasing or Hire Purchase:

There is nothing wrong with your treatment regarding expensing the annual lease payments as rent or lease expense. I would probably call the expense lease expense rather than "rent" but that is not significant

2009-09-30 Leasing or Hire Purchase:

The question of whether or not you can depreciate the machine as an asset as opposed to writing off the lease payments as an expense is not determined by what the lease company says, rather the terms of

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