by host | Nov 5, 2021 | Bookkeeping
Separate payments of $75 or less made at different times of the year for separate fundraising events won’t be aggregated for purposes of the $75 threshold. Other goods or services that are disregarded for substantiation and disclosure purposes are annual membership...
by host | Oct 28, 2021 | Bookkeeping
If you dispose of residential rental or nonresidential real property, figure your depreciation deduction for the year of the disposition by multiplying a full year of depreciation by a fraction. The numerator of the fraction is the number of months (including partial...
by host | Jul 30, 2021 | Bookkeeping
Additionally, you need to understand the accruals principle, which recognizes revenue and expenses at the time they are incurred, regardless of whether they are paid or received. Recording financial transactions, tracking expenses and managing invoices are all...
by host | Dec 2, 2020 | Bookkeeping
Chartered accountant Michael Brown is the founder and CEO of Double Entry Bookkeeping. He has worked as an accountant and consultant for more than 25 years and has built financial models for all types of industries. He has been the CFO or controller of both small and...
