Category Archives: Bookkeeping

We’ll review what each of these terms mean and why they’re important to understand as a home buyer and homeowner. Whether you’re a new homeowner or first-time home buyer, you may have heard the terms “assessed value” and “appraised value” thrown around by your loan officer or real estate agent. By providing your contact information […]

An assessor finds the assessed value of your home based on the market value, the appraised value or a uniform percentage of the two. Municipalities and counties employ an assessor to determine the tax-assessed value of the homes in their jurisdictions. In most states and municipalities, assessed value is calculated as a percentage of the […]

If the S corporation is involved in one of the following activities as a trade or business or for the production of income, the shareholder may be subject to the at-risk rules. Certain U.S. persons that are the ultimate parent entity of a U.S. multinational enterprise group with annual revenue for the preceding reporting period […]

If any part of the adjustment is allocable to net short-term capital gain (loss), net long-term capital gain (loss), or net section 1231 gain (loss), attach a statement that identifies the amount of the adjustment allocable to each type of gain or loss. Figure the adjustment by subtracting the AMT deduction for depreciation from the […]

Wave Payroll If you use Wave Payroll and are a Canadian business, these terms apply. Developer API Including but not limited to developer.waveapps.com, api.waveapps.com. Wave Payroll If you use Wave Payroll and are a U.S. business, these terms apply. Our (non-judgmental) team of bookkeeping, accounting, and payroll experts is standing by to coach you—or do […]

Similar to other reputable cloud-based accounting software products, Wave encrypts the data you share with it and monitors its server facilities 24/7. Sage Accounting offers some of the least expensive accounting plans available and stands out for its in-depth inventory tracking. Although accounting and invoicing are separated into two different product sections on the Wave […]

By optimizing the operation cycle, a company can greatly improve its cash management and decrease costs. All of the assets in your business are turned into products/services/cash which is then turned back again. If that is the case, then the operating cycle would be from when cash was outlaid to pay whatever expenses were needed […]

A company’s operating cycle is influenced by a variety of factors, and there are a variety of ways that an operating cycle can be used to assess a company’s financial health. A business owner will be better able to make decisions that will benefit the company if they have a better understanding of the company’s […]

Content Simplified method For Accountants MY ACCOUNT Hobby loss tax treatment: Profit or pleasure? Business Bad Debts It isn’t necessary to go to court if you can show that a judgment from the court would be uncollectible. Bankruptcy of your debtor is generally good evidence of the worthlessness of at least a part of an […]

Be aware of the points below as you prepare to sign up for an outsourcing service. When you give yourself a little more breathing room to run your business you’ll be surprised at how productive you could become. They are usually much more well-informed than certified accountants as far as taxes go. It’s also worth […]