por redaccion | Ago 9, 2024 | Bookkeeping
Also, if you pay independent contractors $600 or more during the year, you’ll need to send each one a 1099-NEC form, as well as copies to the IRS. The deadline for sending these forms to employees and contractors is January 31. If you have to sell inventory for a deep...
por redaccion | Jul 10, 2024 | Bookkeeping
If you’re interested in learning how to optimize your firm’s payment collection practices, our free guide to improving payment collections is a useful resource. Investing early in a transparent and accessible billing and expense process will save you time later. For...
por redaccion | May 29, 2024 | Bookkeeping, Sin categoría
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por redaccion | Feb 27, 2024 | Bookkeeping
Rather than waiting to see exactly how payments work out, the company will debit a bad debt expense and credit allowance for doubtful accounts. An allowance for doubtful accounts is a contra account that nets against the total receivables presented on the balance...
por redaccion | Ene 17, 2024 | Bookkeeping
A taxpayer whose ITIN has been deactivated and needs to file a U.S. return can reapply using Form W-7, Application for IRS Individual Taxpayer Identification Number. You can visit an IRS Taxpayer Assistance Center for in-person assistance with the ITIN...
por redaccion | Sep 26, 2023 | Bookkeeping
However, without the influx of capital you obtain from loans, you may maximum level or maximum limit of stock face substantial challenges when trying to purchase equipment or grow your team. You can also use loan proceeds to boost your cash flow and thus face fewer...
