Going Concern

MARCH 21, 2023

The products can sort accounts, predict the other side of a journal entry, and populate a tax form with high accuracy. If you’ve been on an audit or prepared a tax return and at some point thought “a monkey could do my job,” you weren’t far off. It confuses like terms, particularly technical accounting terms.

accountant 115

accountant accounted Account tax return 115

MazumaBusinessAccounting

DECEMBER 3, 2019

As we approach tax season, it is important to understand different types of tax forms, and why we need them. If you’re hiring a new employee, or trying to report your income tax returns, you have come to the right place! Tax forms are essential for all small businesses and must be filled out properly.

Tax 69

Tax tax return income tax business accounting 69

xendoo

APRIL 20, 2022

Come tax time, no one wants to sift through old receipts to account for each expense. . Moreover, up-to-date records ensure that you file tax returns accurately. Besides saving you time, you’ll also want to track expenses to take advantage of tax deductions and better financial health. What is gross revenue?

accounting and finance 119

accounting and finance payroll quickbooks Tax 119

Ronika Khanna CPA,CA

JUNE 23, 2023

A bad debt, in accounting terms, refers to an amount charged to a customer that is never paid. When specific bad debts are recorded in your books, make sure to reflect the sales tax impact. Reserves for bad debts (AFDA) are not tax deductible and need to be added back to net income when preparing your Federal tax return.(T2).

quickbooks 52

quickbooks accountant accounted Account 52

Basis 365

MARCH 30, 2023

DO THEY PERFORM ACCRUAL ACCOUNTING? Accrual accounting is an underrated accounting term that is not well known outside the industry. The challenge here is that many CPA firms only do bookkeeping to keep the tax staff busy when there are no tax returns to file. CPA firm : CPAs do tend to document well.

accrual accounting 52

accrual accounting accountant accounted Account 52

Ronika Khanna CPA,CA

JULY 7, 2023

The accounting term for the same concept is depreciation (or amortization). The difference between accounting and tax is that while there are many depreciation methods that can be used for accounting purposes, the calculation for CCA in Canada is generally based on what is referred to as the “declining balance method” (see below).

accounting and finance 93

accounting and finance Tax accounted accountant 93