October 20, 2021| 24

Do Dividends Go On The Balance Sheet?

Content What Are Qualified And Unqualified Dividends? Overview Of Dividend Payments In Lieu “pil” Treatment Of A Stock Dividend You Usually Get Cost Calculate Your New Cost Basis Dividend Revenue In Business Because the IRS taxes nonqualified dividends at higher rates, investors should consider owning them in a tax-advantaged account like anin …

August 17, 2021| 20

Nonprofit Bookkeeping & Accounting For Dummies Cheat Sheet Article

Content Attain More Value From Your Nonprofit Software Accounting & Auditing Stay Up To Date On The Latest Accounting Tips And Training Create The Appropriate Financial Statements Cultivating Relationships With Major Donors: 4 Tips Best For Donation Tracking : Sumac By Silent Partner The financial statements produced by a nonprofit entity differ in s …

June 15, 2021| 13

Net Realizable Value NRV Formula Example

Content Accounting Topics Steps to Calculate Net Realizable Value Management Accounting Formula Accounts Receivable What is the formula for cost of sales? NRV is the estimated selling price in the ordinary course of business, minus costs of completion, disposal, and transportation. Each product incurs a portion of the joint costs of production. You need t …

December 4, 2020| 35

Estimated Useful Life And Depreciation Of Assets

Content Common Depreciation Methods Journal Of Financial Economics Tax Lives And Methods Depreciable Asset Lives Item 5b: Capital Expenditures For Robotic Equipment Apply Asset Costs Depreciation Item 5a: Capitalized Computer Software This could result in a difference in the federal and Wisconsin basis of these assets. In 1971, the AICPA’s Accounting Princi …

October 8, 2020| 24

Fund Accounting Training

Content Maples Group Represents Clearlake On Significant Transactions Multiple Accounting Methodologies Accufund Accounting Suite Nonprofit Audits: A Complete Guide To Financial Auditing Partner With Us To Implement Those Solutions Fund Accounting Training Local governments should periodically undertake a comprehensive evaluation of their fund structure t …

September 2, 2020| 24

The Ultimate Guide To Filing Your Taxes For Free

Content Income Liabilities? Is Turbotax Self Employed A One Time Purchase? How Much Is Turbotax Charging This Year? Turbotax Free Edition 2022 + Free State Income Limit? How Much Extra Is It For State With Turbotax Self Employed? TurboTax earned a high score for ease of use because the interview format takes the guesswork out of filling out your tax retu …

July 29, 2020| 17

What Is A Down Payment?

Content Do you have to put 20% down on a house? When are quarterly tax payments due? Compare loan lenders and decide what’s best for you Does Your Down Payment Affect Your Monthly Mortgage Payments? The Pros of a Larger Down Payment Career Resources It can be beneficial to work with someone who knows the answers to all these questions. Equity is Dow …

June 3, 2020| 16

Reporting Self-Employment Business Income and Deductions

Content How Do Rideshare (Uber and Lyft) Drivers Pay Taxes? Tax Deductions for Rideshare (Uber and Lyft) Drivers and Food Couriers Best for free federal filing Other good tax software TaxAct Self-Employed TurboTax Cryptocurrency Tax Calculator Small business owners and self-employed individuals will need to upgrade to the Self-Employed option, which costs $119 for a federal return. TurboTax also frequently runs sales on its services and products during tax season. Return must be filed January 5 – February 28, 2018 at participating offices to qualify. Refund Advance You could get up to $3,500 within minutes of filing your taxes. File with a tax pro At an office, at home, or both, we’ll do the work. TurboTax has a free Self-Employed Expense Deduction Interactive that can help you identify self-employed business expenses related to your specific industry. How Do Rideshare (Uber and Lyft) Drivers Pay Taxes? Learn about the Pandemic Unemployment Assistance program and unemployment benefits for self employed taxpayers as a result of the second stimulus payment package. Keep up to date with the third stimulus payment and how to claim it on your 2021 return via the Recovery Rebate Credit. One surefire way to score TurboTax discounts is through their referral program. Every time you refer a friend who files with TurboTax for the first time, you’ll get a $25 gift card. Plus, your friends will get up to 20% off filing their federal taxes online. You can refer up to 10 friends for a total gift card savings of up to $250. Because of the economic downturn caused by the economic crisis and lockdown, some taxpayers’ incomes were lower in 2021 than in 2019 or 2020. To address this issue, the tax law permits taxpayers to elect to determine their EITC for 2021 on the basis of their 2019 or 2020 earned income if one of those years is more beneficial. The Internal Revenue Service posts information about specific federally declared disasters whose victims may receive tax relief on its website. The PSLF applies to borrowers with Direct Loans and those who have consolidated other student loans into […]

May 29, 2020| 18

Over 75 FREE QuickBooks Online training, tutorials, and videos

Content Best Practices for QuickBooks Online TechSoup QuickBooks Tutorials Northcentral University QuickBooks Online Training for Accounting Why Should I Learn QuickBooks? Learn how to set up and use Intuit QuickBooks Online to handle business transactions with this free online course. Each QuickBooks online tutorial provides an in-depth lesson complete w …