The main focus of the IRS Fresh Start Tax Program is to reduce the burden of back taxes for citizens and small businesses during temporary financial difficulties. It offers various measures to help you settle your back taxes quickly and easily. As al... Read more
The most simple point about cost analysis application is that it is used when price analysis isn't possible. This is usually because there aren't alternative solutions for comparison or no related proposals were submitted for a job. New types of rese... Read more
However, obtaining services from trusted vendors in a smooth, timely fashion doesn't have to be too good to be true — it is possible, and using purchase orders can help. The PO number is included on the packing slip so the buyer can easily track whic... Read more
Supplies Expense would increase for the $100 of supplies used during January. For the sake of balancing the books, you record that money coming out of revenue.... Read more
She has been in the accounting, audit, and tax profession for more than 13 years, working with individuals and a variety of companies in the health care, banking, and accounting industries. If you expect to owe taxes, you need to pay the balance with... Read more
Investors can find a company's financial information in quarterly and annual reports on its investor relations page. However, it is often easier to get the information by going to a ticker, such as AAPL, and scrolling down to the fundamental data sec... Read more
You pay $20 in incoming freight charges to receive the shaving set at the store. After creating a beautiful display for the new product and opening your doors for business the next day, a customer comes in and buys the shaving set for $315. After ope... Read more
Most taxpayers are exempt from backup withholding. If you have no idea what the IRS is talking about here, you’re probably exempt. If you aren’t exempt, the IRS will have notified you, and the company paying you needs to know because it i... Read more
While the inventory is in the retailer’s store, you still own it and that needs to be reflected on your Balance Sheet. From there, a report is sent to the distributor detailing everything sold. Founded in 1993 by brothers Tom and David Gardner,... Read more
Finally, total assets are tabulated at the bottom of the assets section of the balance sheet. A well-formatted SOP report provides accurate and relevant information with enough context for the board to thoroughly understand what’s going on with... Read more
