A good record-keeping system can actually help you save money. Find out what kinds of records you should keep and learn how to create a record-keeping system for your business.
Cash vs. Accrual Accounting
There are two forms of accounting used by the small business – cash and accrual. The best method for your company depends on a variety of factors which include the nature of your business, its legal business structure, and whether or not you extend credit.
Understanding Your IRS Notice
We realize that receiving a notice from the IRS can be unnerving, but if you follow these simple steps, the process to resolving the discrepancy should be straight forward.
Not Filed a Tax Return? Here’s What to Do
Taxpayers should file all required returns that are past due now to avoid additional penalties and interest. This section gives information on getting help and documents needed to prepare a return. It is never too late to file.
Tax Scams – How to Recognize and Avoid Them
To help the public recognize and avoid abusive tax schemes, the IRS offers an abundance of educational materials. Participating in an illegal scheme to avoid paying taxes can result in imprisonment and fines, as well as the repayment of taxes owed with penalties and interest. Education is the best way to avoid the pitfalls of these “too good to be true
A good record-keeping system can actually help you save money.
Accelerating Income Reduces Tax Liability Due to Taxes Rates Hikes 2021. Income that’s on the cusp might feasibly to receive and avoid a higher rate
Accounting to a non-financial person can be a mammoth task according to Accountants in Miami, CPA. Wading through invoices, bank statements amongst other duties can be quite tasking especially for small business owners who have a lot of other things to do. Even businesses that have an in-house accounting team still need to manage the functions of the accounting team to ensure they meet the business objectives at a minimal cost.