article thumbnail

GAAP: What It Is and Why Your Investors Expect It

inDinero Accounting

Accrual Accounting is a vital component of Generally Accepted Accounting Principles (GAAP). Understanding the principles of GAAP accrual accounting can be challenging and daunting; however, with the right guidance, it can be achieved. cash accounting—if you want to be GAAP-compliant.

article thumbnail

Business Expenses and Tax Deductions: Indinero’s Ultimate Guide

inDinero Tax Tips

In this guide, we’ll teach you to save time by streamlining your expense tracking, cut your tax bill by optimizing your deductions, and ultimately help your business thrive by saving you revenue to invest back into your business. Cash accounting means registering transactions only when money lands in or leaves your account.

Tax 80
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

When are taxes due in 2024?

inDinero Tax Tips

February 28th, 2024: File information returns (1099s) with IRS(paper). March 31st, 2024: Form 1099 – File information returns (1099s) with IRS (electronic). April 15th, 2024: First Quarter Estimated Tax Payments. These can include: You are waiting on paperwork or information from another party, such as Form 1099.

Tax 52
article thumbnail

Accounting for Startups

inDinero Accounting

This requires accrual accounting rather than the simple cash-basis. A qualified accountant can help you make calculations that maximize the value and attractiveness of your business. Cash vs. Accrual Accounting Calculating and itemizing all the assets and liabilities can be a tricky endeavor.

Account 52
article thumbnail

Accounting for Startups

inDinero Accounting

This requires accrual accounting rather than the simple cash-basis. A qualified accountant can help you make calculations that maximize the value and attractiveness of your business. Cash vs. Accrual Accounting. The Right Chart of Accounts. Credit: Jason Goodman.

Account 52