Taxpayers bought a tax franchise and set up an S-Corp which used the accrual method of accounting. The IRS held .... ... read on

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I am a bookkeeper with an accounting question. How do I record year end adjusting entries for costs in excess .... ... read on

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We recently changed our QuickBooks program. When we reconcile our bank account to the beginning balance in QuickBooks, the bank .... ... read on

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I have a client that made an SEP-IRA contribution in 2014 before the tax due date for their S Corporation. .... ... read on

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How do you calculate Gross Profit Percentage for Installment Sales. My boss purchased this property in 2000 and sold it .... ... read on

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Our company pays the utility bill for ourselves and two additional suites in the building. The other two companies agreed .... ... read on

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When filing out the worksheet for Form 4562 Depreciation and Amortization, under the column for method and convention, is the .... ... read on

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If corporate equipment is temporarily removed from service, can it be depreciated according to the previously established depreciation schedule? ... read on

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I'm filing year end tax form 1120S for a small corporation on a cash basis. If a paycheck was .... ... read on

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If you are the owner of a daycare center and some families have outstanding upaid bills, are they deductible as .... ... read on

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