Index of Accounting Terms - W
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W-2 Form
Related Terms: Wage and Tax Statement, Employee Tax Form
What is a W-2 Form? A tax form that employers send to employees and the IRS, reporting wages paid and taxes withheld.
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Wealth Protection
Related Terms: Asset Protection, Estate Planning
What is Wealth Protection? Protect and grow your wealth with our strategic bookkeeping.
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Withholding Allowance
Related Terms: Tax Exemption, Withholding Certificate
What is Withholding Allowance? A deduction claimed by an employee on Form W-4 to reduce the amount of income tax withheld from their paycheck.
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Withholding Tax
Related Terms: Income Tax Withholding, Payroll Withholding
What is Withholding Tax? The amount of income tax that an employer deducts from an employee's wages and pays directly to the government.
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Working Capital
Related Terms: Net Working Capital, Liquid Capital
What is Working Capital? The difference between a company's current assets and its current liabilities, representing the capital available for day-to-day operations.
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Working Capital Loan
Related Terms: Operating Loan, Short-Term Business Loan
What is a Working Capital Loan? A loan taken out to finance a company's everyday operations, covering short-term needs.
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Write Off
Related Terms: Bad Debt Expense, Asset Impairment
What is a Write Off? The act of removing an asset or a debt from a company's accounts when it is deemed uncollectible or has no value.
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