MazumaBusinessAccounting

DECEMBER 3, 2019

As we approach tax season, it is important to understand different types of tax forms, and why we need them. If you’re hiring a new employee, or trying to report your income tax returns, you have come to the right place! Tax forms are essential for all small businesses and must be filled out properly.

Tax 69

Tax tax return income tax business accounting 69

Basis 365

MARCH 30, 2023

ARE ALL ACCOUNTING SERVICES THE SAME? COMPARING DIFFERENT ACCOUNTING PARTNERS CAN BE LIKE COMPARING APPLES AND ORANGES. ACCOUNTING SERVICES (OR OFFERINGS) ARE NOT ALL THE SAME. BREAKING DOWN THE DIFFERENT ACCOUNTING PARTNERS YOU MAY BE CONSIDERING AND WHICH ONE IS RIGHT FOR YOU. WHO CAN ADVISE YOUR BUSINESS?

accrual accounting 52

accrual accounting Account accountant accounted 52

MazumaBusinessAccounting

MAY 2, 2021

We often get asked to explain the ins and outs of financial reports and have found that providing our favorite clients with a working knowledge of accounting terms is helpful. appeared first on Mazuma Business Accounting. Their skills are varied and they have a wide variety of talents. The post What Are Operating Costs?

accounting terms 52

accounting terms Manufacturing Tax Account 52

MazumaBusinessAccounting

MAY 9, 2021

We often get asked to explain the ins and outs of financial reports and have found that providing our favorite clients with a working knowledge of accounting terms is helpful. You may have even heard your bookkeeper or accountant refer to COGS as the cost of sales or services. appeared first on Mazuma Business Accounting.

accounting terms 59

accounting terms bookkeeping Account accountant 59

Cheap Accounting

JUNE 3, 2022

Recording them in the books The rule of thumb is that pre-trading costs spent on the business should be treated as incurred on the first day that the business started to trade. Start up costs may be paid out of the business owner’s personal funds; once recorded in the business accounts the owner can be reimbursed for the outlay.

Start-ups 40

Start-ups accounting terms Tax business accounting 40

MazumaBusinessAccounting

AUGUST 26, 2021

If your business doesn’t turn a profit for 3 out of 5 years (except in specific industries, like horse racing) then it is classified as a hobby and you can no longer claim tax deductions against other revenue. Keep extensive files showing where you spent your money and how it was imperative to your business.

accounting and finance 98

accounting and finance Tax audit business tax 98

MazumaBusinessAccounting

MAY 6, 2021

We often get asked to explain the ins and outs of financial reports and have found that providing our favorite clients with a working knowledge of accounting terms is helpful. Sorting liabilities can be done by categorizing them in 2 ways – short and long term liabilities. deferred taxes. accounts payable.

accounts payable 52

accounts payable accounting and finance accounting terms Start-ups 52