Bookkeeping

Content What is Qualified Leasehold Improvement Property? Understanding the Augusta Rule and Its Tax Implications Big Tax Break: Qualified Improvement Property Avoiding ESOP Compliance Issues Noted in Recent IRS Warning Depreciable or Not Depreciable Subscribe to receive KBKG Tax Insights right in your inbox. How to increase the value of tax data collection You used […]

Of course, in the restaurant industry, you’ll need to factor in tips along with the standard tax considerations for employees. Tips (not including automatic gratuities, which work differently) are considered employee income, not restaurant income, and are not subject to withholding. The easiest way for a restaurant to maintain its books is to use one

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In accounting, reconciliation refers to a process a business uses to ensure that 2 sets of accounting records are correct. Also, if the bank statement shows money deposits not reflected in your internal records, you make entries of these transactions. The account reconciliation process typically takes place at the end of a financial or accounting

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Content Who should use tax software? TurboTax packages and pricing Easy imports Compare Top Military Credit Cards Should You File for a Tax Extension? The pandemic-era changes have reverted to previous levels. Between that and the effects of inflation, you’ll be looking for ways to maximize your tax return’s refund. TurboTax is a tax preparation