Categoría: Bookkeeping

Schedule B requires you to list all your sources of interest and dividend income, including any foreign dividends. Reporting foreign income to the IRS is a critical aspect of tax compliance for U.S. citizens and residents. Depending on the type of income and your specific circumstances, you may use different forms and reporting methods. It’s…

Read More

General economic conditions could be impacting customer cash flows, requiring them to delay payments to their suppliers. This issue is a major one, since the problem arises entirely outside of the business, giving management no control over it. An increase in the average collection period can be indicative of any of the conditions noted below,…

Read More

This $2,000 amount is a capital contribution since Tom has contributed capital in the form of cash and property to the business. Generally, when looking at equity you want to consider the value of something and how much you owe is on that value. Venture capital, on the other hand, most often involves taking only…

Read More