by graylight | May 13, 2022 | Bookkeeping
The financialstatements must remain up to date, so an adjusting entry is neededduring the month to show salaries previously unrecorded and unpaidat the end of the month. Income Tax Expense increases (debit) and Income Tax Payableincreases (credit) for $9,000. The...
by graylight | May 13, 2022 | Bookkeeping
Supported by our dedicated team, we guarantee a same-day response to address any concerns. Moreover, quarterly review meetings are scheduled to provide comprehensive insights into your financials, facilitating adjustments and clarifications as needed. We compile your...
by graylight | May 12, 2022 | Bookkeeping
Price point is why I changed from quickbooks. We have been using Remotebooksonline.com for two years and find their service to be accurate and easy to work with. Financial reporting is done on time using QuickBooks and there is a simple system to communicate any...
by graylight | Dec 23, 2021 | Bookkeeping
Therefore, you can depreciate that improvement as separate property under MACRS if it is the type of property that otherwise qualifies for MACRS depreciation. For more information about improvements, see How Do You Treat Repairs and Improvements, later, and Additions...
by graylight | Dec 22, 2021 | Bookkeeping
The larger the depreciation expense, the lower your taxable income. SYD suits businesses that want to recover more value upfront, but with more even distribution than they would otherwise get using the double-declining method. The SYD method’s main advantage is that...
