Some transactions require a little more context, or additional notes to jog your memory. Azibo enables you to add contact details (for vendors and tenants) and other notes to transactions for you and your CPA to reference. This helps you always remember what your expenses were for, whom you should go to for warranties, and [...]

The accounting rules applied to diluted shares aim to prevent that outcome. For both basic EPS and diluted EPS, the earnings figure should be the same. A basic share count equals the average count of only the shares that are issued and outstanding during the period. EPS, or earnings per share, is a financial figure [...]

Precision accounting for residential or commercial land development companies, weekly comprehensive financial reports via email, and monthly Zoom® financial reports review meetings with your team. Complying with complex tax regulations, whilst keeping track of constant shifts in legislation, can be a minefield. Our aim is to relieve the concern and stress, taking care of tax [...]

However, if the IRS considers your income subject to backup withholding, the flat rate is 24%. Read the certification instructions, cross out Line 2 if you Food Truck Accounting or the entity you represent have received an IRS notification of backup withholding, then input your signature and the filing date. This section is only needed [...]

An asset account in a bank’s general ledger that indicates the amounts owed by borrowers to the bank as of a given date. A temporary account to which the income statement accounts are closed. This account is then closed to the owner’s capital account or a corporation’s retained earnings account. And for a review of [...]

When Business Returns Are Involved – The IRS is aware that businesses have the biggest potential for non-compliance, which is why they closely scrutinize business returns. Imagine showing up to a bank, asking for a loan to buy your dream home, only to be turned down because you didn’t file your taxes from a few [...]

There’s also the consideration that an outsourced controller has many additional skills that can benefit your business. This might include a knowledge of tax strategy, insights as to how you should structure your personal compensation to be tax-efficient, and more. If your firm doesn’t have a bookkeeper on staff, it’s likely they take up a [...]

You can select whether to pay with a credit card or directly from your bank account. A consumption tax, in contrast to income taxes, which penalize savers and reward spenders, is said to promote consumer spending what is advanced research projects agency arpa  and increase economic efficiency. As a result, its proponents contend that taxing [...]