Bookkeeping

If you deduct more depreciation than you should, you must reduce your basis by any amount deducted from which you received a tax benefit (the depreciation allowed). A partnership acquiring property from a terminating partnership must determine whether it is related to the terminating partnership immediately before the event causing the termination. You must determine …

Not every company will use all of the features and functionality of Advance Inventory but it’s good to know they’re available if required. Founded in 1999, NetSuite is one of the pioneers of cloud-deployed software. In July 2016, NetSuite was acquired by Oracle to form Oracle NetSuite, though it continues to market its small to …

Our team of reviewers are established professionals with decades of experience in areas of personal finance and hold many advanced degrees and certifications. All three documents must be reviewed together to get a clear picture of the financial health of the business. It can also be used to make decisions about inorganic or organic growth, …

As a practical matter, if a company has a history of dividend payments, it cannot easily suspend or eliminate them without causing shareholders some real pain. Even dividend payout reductions, while less injurious, are problematic for many shareholders. For some industries, investors consider dividend payments to be necessary cash outlays similar to capital expenditures. Companies, investors, and analysts examine cash flow …

Also, while both work with QuickBooks Online users, Bookkeeper360 also works with Xero. Another advantage of online bookkeeping services is that they offer real-time data tracking and reporting. This means that businesses can monitor their financial performance as it happens – and quickly identify any issues or opportunities for growth. Online bookkeeping services can also …

Filing International Fuel Tax Agreement (IFTA) reports for interstate or international trucking jobs can take time. First, you must create the necessary fuel and mileage reports for your fleet. Throughout the entire process, you need to track receipts, manage mileage logs, and match fuel to taxes in each state or province. Streamline your IFTA reporting …