Anfisa is a talented accountant.
In this blog she talks about accounting services, payroll, investment consulting, tax training and much more.
AnfisaWDmitrieva@business-accounting.net
Phone: 303-647-3438
Expensing these items upfront is more attractive because of the quicker tax benefit. Fortunately, the IRS gives business owners several ways to write off the full cost in one year. To claim these deductions, you’ll need to keep accurate records and stay on top of your monthly bookkeeping. By locating the $6,000 in contractor expenses, … Continue reading “Tax write off: What is a Tax Write-Off? Tax Deductions Explained The TurboTax Blog”
One of the most time-consuming parts of filling out the tax form is gathering documents, including your financial statements and receipts. The other is interpreting what your documents are telling you. The paid preparer section of Form 1120 is only for individuals you pay to prepare the return. This does not include employees or anyone … Continue reading “Tax form 1120: Corporation Forms”
It’s important to read the fine print as provided by the issuer. After 1-3 years, Western Union will charge a fee against the value of the money order. U.S.P.S. money orders do not expire and retain their value indefinitely. Plus, the person who wrote the bounced check might be charged a non-sufficient funds fee of … Continue reading “Stale dated checks: Cashing Old Checks: How Long Is A Check Good For?”
In this example, you performed a simple analysis of a firm’s current ratio, quick ratio, and net working capital. These are the key components of a basic liquidity analysis for a business. More complex liquidity and cash analysis can be done for companies, but this simple liquidity analysis will get you started. When assessing the financial … Continue reading “Solvency vs liquidity: What Is Solvency? Definition, How It Works With Solvency Ratios”
As a sole trader you’ll need to file this tax return on a yearly basis. When registering as a sole trader, you typically have to provide your name, address, date of birth, phone number, NI number, business name, business type and start date. Because sole proprietorships are closely held businesses, it is especially important to … Continue reading “Sole trader bookkeeping: Accounting for Sole Traders, Sole Trader Accounts”
Without it, it’s nearly impossible to produce an accurate record of financial activities that affect everything, from profit to equity to payroll, and more. When it comes to bookkeeping tasks, there’s a great deal to learn. If you have mistakes to fix or transactions to track down, don’t stress. Businesses can collect payment online from … Continue reading “Small business bookkeeping: Online Bookkeeping Services for Small Businesses Bench Accounting”
You may need to specify that the pay period ends earlier for semi-monthly payments than biweekly payments. You may even want to issue your employees a payment calendar so that they understand which pay period their paycheck is covering. Full-time salaried employees are typically paid for 2,080 work hours yearly, and this must be delivered … Continue reading “Semimonthly vs biweekly: Semi-Monthly vs BI-Weekly Payroll: Whats the Difference?”
As of the end of 2022, the Tax Cuts and Jobs Act (TCJA), passed during the Trump administration, is the U. It became effective with the 2018 tax year and made several changes to self-employed tax deductions. Many of them are temporary and set to expire in 2025, while others are permanent. Medicare tax is … Continue reading “Self employment tax: Self Employed Tax Calculator & Expense Estimator 2022-2023”
