Bookkeeping

A tax preparer can provide personalized advice to help you make informed financial decisions, such as whether to itemize deductions or take the standard deduction. For business owners, they can assist with tax planning strategies to minimize liability and maximize savings over the long term. If your tax return is flagged for an audit, a […]

The word capital has several meanings depending on its context. On a company balance sheet, capital is money available for immediate use, whether to keep the day-to-day business running or to launch a new initiative. It may be defined on its balance sheet as working capital, equity capital, or debt capital, depending on its origin

In scenario 3, there is an immediate reduction of principal because of the first payment of $1,000 made upon issuance of the note. The remaining four payments are made at the beginning of each year instead of at the end. This results in a faster reduction in the principal amount owing as compared with scenario

Your first and last name must exactly match the first and last name you used to schedule the examination. Failure to provide appropriate identification at the time of the examination is considered a missed appointment. As a result, you will not be allowed to test and forfeit your examination fee. The IRS Tax Professional PTIN