10 Things You Should Know Before Hiring A Tax Preparer It is never an easy task to do your taxes and most people prefer to hand it over to someone else. If you are one of...
Top 20 things that you can deduct from your taxes As soon as it is time to file your tax returns, your face changes color and you grumble and mutter to yourself while filling...
Bases for asserting jurisdictions Who to tax? What income to tax? Personal relationship between a taxpayer and the country This concept also applies to corporations and other type...
Cash Flow – Making Projections Cash from line items consists of depreciation schedule, working capital schedule or debt schedule. We must complete depreciation and working capital...
Making projections from income statement requires: ü Spending a lot of time. ü Research and understand core of business model. ü Understand Revenue...
Many small businesses run into issues with their bookkeeping at one time or another. So if you’re a small business owner who is doing all the bookkeeping work yourself and it’s...
Posted by East Harlem Tax Service on 05/23/2015
All businesses are required to report sales and income over a taxation year. Profits = Sales – Expenses Net Income = Profits – Taxes Categories included in an income...
Posted by The Accounting and Tax on 05/07/2015
Living a good life can be owning a home, owing a business, being debt free, driving a high end car or having a good investment portfolio. These goals are achievable with a strong financial...
Gross income comes from following categories of income: Interest, Dividends, Personal Services, Rentals, Royalties, Gains from disposition of property. Leasing generates rental income....
Posted by The Accounting and Tax on 03/05/2015