TaxConnex

JULY 18, 2024

Sales Tax Accruals Ensure that sales tax is stated in your general ledger as a separate GL account number. This separation helps in clearly identifying and tracking sales tax amounts. Bad Debt Most states allow a deduction for bad debts written off for Federal income tax purposes.

audit 264

audit Sales Tax tax return 264

Xero

JUNE 30, 2022

This enhancement means you can make adjustments that are not sent back to the general ledger from within the return. Improve your workflows in Xero Tax — UK. We’ve recently made a number of enhancements to the features in Xero Tax. Company accounts tax. Personal tax.

general ledger 111

general ledger Non-Profits tax return Tax 111

ThomsonReuters

MAY 12, 2022

The process also involves a review of sales tax payable against the sales tax the company actually paid. A sales tax audit often occurs when a state tax agency suspects a business of understating its reported sales or when the sales tax return filed with the state doesn’t match what was reported to the Internal Revenue Service (IRS).

audit 105

audit Sales Tax auditor 105

Shay CPA

DECEMBER 7, 2022

Copies of all tax returns and accounting records for the R&D credit year. Similarly, keep a record of all pandemic aid your company received and how it was used, along with the appropriate tax returns and accounting documentation. . File a final corporate tax return. General ledgers.

tax accountant 59

tax accountant Tax tax return accountant 59

Shay CPA

DECEMBER 27, 2023

Specifically, if your tech company claimed federal or state R&D tax credits, save anything substantiating the amount you claimed. You might also want to download records from tools you use like GitHub, Jira, or Asana, product roadmaps, or anything else that outlined or detailed the R&D process.

general ledger 52

general ledger Delaware payroll accounts payable 52

inDinero Accounting

DECEMBER 22, 2021

NetSuite is optimized for larger companies, and it features a customizable general ledger to help CFOs keep information organized. Accounting and Tax Solutions Guide From indinero Get actionable advice and accounting tools for your new business.

accounting software 52

accounting software NetSuite accountant Account 52

CPA Practice

JULY 6, 2023

So I saw somebody at the AICPA engage conference, say, you know, show how to use chat GPT, to create a CSV from a bank statement from a bank that didn’t have that didn’t have a direct download available. Because again, that’s where that’s where the problems are in a lot of cases.

Technology 98

Technology Government audit quickbooks 98