Tax season can be a daunting time for business owners. Still, with a solid understanding of business accounting, you can navigate the complexities of taxation more efficiently and...
Posted by Rosovich & Associates, Inc. on 10/10/2023
You are most likely familiar with the term "Audit." You may have even used it often in a statement. What exactly is an audit, and how is it done?Every organization is governed...
Posted by Rosovich & Associates, Inc. on 02/22/2022
American businesses of all sizes have a number of financial information that must be organized and reported to comply with legal obligations, such as tax requirements. Various professions...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 01/01/2022
The preparation of financial statements often encounters difficulties in recording transactions because the transactions are carried out in a complex manner. If existing problems cannot...
Posted by Taxes Made EZ Inc on 10/30/2021
Bank reconciliations occur when a person needs to compare all financial records from sales to expenditures against the bank's documents. This system enables people to authenticate...
Posted by Taxes Made EZ Inc on 09/30/2021
Reconciliation is the method of verifying the accuracy and consistency of your financial statements.Reconciliation also helps identify and explain any discrepancies that may arise...
Most families are not tax professionals. So when the time comes to hire a nanny, especially if it's your first time, knowing all the details and IRS requirements and your status...
What is an Accounting Method?An accounting method refers to the rules that a business follows when reporting income and expenses. The two main accounting methods are accrual accounting...
Parliamentarians have been trying for years to slightly give the seniors a bit of break at the time of taxation, and the 2018 bipartisan Budget Act has finally taken a decisive step...
Posted by John Pournaras Agency on 10/29/2019