Tax Refund Definition

by | Jul 8, 2022 | Bookkeeping

ContentCan’t I just pay the VAT-free price in the shop?Tips for Tax PlanningWhy would I have to report my refund as income?How long does it take to receive an amended refund?How will I find out if I’m getting a tax refund?Making Sense of Your Tax RefundForm...

What Are the 4 Types of Inventory?

by | Feb 25, 2022 | Bookkeeping

ContentRaw materials inventoryInventoryWhat are the two types of inventory accounting systems? Briefly describe each.Decoupling inventory The cost of goods flows to the income statement via the Cost of Goods Sold account. Inventory is a current asset account found on...

Illinois Personal Income Tax Laws

by | Jan 26, 2021 | Bookkeeping

ContentIllinois State Income Tax Credits1 – Illinois Standard DeductionEducation Expense CreditExcise Taxes The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. The state of Illinois collects 39.2 cents for every gallon...

Peerform Personal Loans Review

by | Dec 29, 2020 | Bookkeeping

ContentLoan ConsolidationPeerform Costs & FeesCompare loansPeerform Personal Loan FeesBrainPlotting General Information Part of the reasons for their great success so far can be attributed to their no secret or no hidden fees policy. Borrowers are only required...

Leasehold Improvements Accounting & Amortization, US GAAP

by | Dec 25, 2020 | Bookkeeping

ContentCan you depreciate a leased property?Tenant Improvement Allowance Accounting for Lessees under ASC 840Tax Benefits of Operating vs. Capital LeaseSparking Change: Electric Vehicle Tax Credits in the Inflation Reduction ActEquipment and leasehold improvement You...