Analytix Finance & Accounting

MAY 7, 2025

Apart from this, the timing differences between when you recognize revenue and expenses creates real tax consequences. We’ve seen retail businesses save over $12,000 in a single tax year simply by using the right accounting method that aligned with their cash flow patterns. For seasonal businesses, this impact multiplies.

accrual accounting 52

accrual accounting accounted accountant Account 52

Nancy McClelland, LLC

DECEMBER 26, 2023

A good example of this would be if you received a 1099-K for credit card payments, but also received a 1099-NEC from the company that paid you (this is quite common… it is extremely challenging in most bookkeeping software to distinguish how a bill was paid in most reports).

bookkeeping 52

bookkeeping tax return Non-Profits Tax 52

Nancy McClelland, LLC

DECEMBER 26, 2023

A good example of this would be if you received a 1099-K for credit card payments, but also received a 1099-NEC from the company that paid you (this is quite common… it is extremely challenging in most bookkeeping software to distinguish how a bill was paid in most reports).

bookkeeping 52

bookkeeping tax return Non-Profits Tax 52