Categoría: Bookkeeping

Deductions reduce the adjusted gross income applied to a corresponding tax rate.Tax credits apply to taxes owed, lowering the overall tax bill directly. Running a small business is undeniably expensive, […]

Additionally, state regulatory agencies that supervise financial institutions for compliance with customer due diligence requirements may also request beneficial ownership information from FinCEN to conduct such supervision. Like other domestic […]

Bookkeeper360 allows the accrual basis of accounting with its bookkeeping service. If you’re using the cash basis, Bookkeeping360 will handle the accruals and deferrals for you. The dedicated bookkeeper will […]

If prices were falling, LIFO would result in the highest taxable income, FIFO the lowest. As with capital investments, businesses cannot immediately deduct the purchases of inventories against taxable income. […]

Also, try never to force a reconciliation by posting to the Reconciliation Discrepancies account. Only then should you post to the Reconciliation Discrepancies account. The process for reconciling these accounts […]

Accounts receivable is debited because the increase in an asset is always debited. Service revenue is credited because revenue is always credited. The dividend is debited because there is a […]

Lindeman Financial Group is passionate about helping our clients succeed. We partner with small- to medium-sized businesses, professional services firms and nonprofits who share our commitment to excellence. Our clients […]

Whether you’re looking to lower your employee turn over or want to solidify your validity with investors, HM&C consulring can help. It has created a range of industry specialties with […]