As the owner of a small business, you understand the need to be financially organized. This means managing your books well, including tracking your collections, debts and any investments....
USA will only tax foreign business earnings if it repatriates it to USA through dividends. This policy is known as “deferral”.
Deferral creates an opportunity for avoiding...
A taxpayer has various options when it comes to filing his or her income tax returns. If you earn a modest income, do not own a house, work for someone else, or supervise plenty of...
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...
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...