30 December,2022
Improper accounting can bring your business to a halt in many circumstances when you need help the most, such as tax preparation, due diligence in business acquisition process, loan financing, third-party verifications, and more. Therefore, you need a great bookkeeper or accountant. ...
26 December,2022
Business account. One of the first things you should do when you start a business is open a business checking or savings acco...
25 December,2022
Before you reconcile your monthly bank or credit card statement, check your own figures. Begin with the ba...
20 December,2022
The IRS allows a business expense deduction if the expense is both ordinary and necessary. An ordinary expense is defined as an expense that i...
19 December,2022
Books and records that cannot be reconciled to the tax return Transactions that are not properly...
15 December,2022
Federal / state matching program When the federal / state matching program indicates a taxpayer has reported significantly less inco...
15 December,2022
Entries that reduce taxable income For business returns, the IRS may review entries that reduces taxable income, such as a deferral ...
12 December,2022
The corporate and shareholder income tax returns are considered related because the returns are for entities over which the shareholder has co...
07 December,2022
Sources of funds Sources of funds are the various ways the taxpayer acquires money during the year. Examples of sources of funds inc...
02 December,2022
1. Total bank deposits L...
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