ABCs of Accounting
D is for Depreciation
Depreciation helps businesses determine how assets assisted the company in earning revenue. Assets in a company considered depreciable property must follow guidelines set by the Internal Revenue Service (IRS).
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CPA (Certified Public Accountant): A professional who has passed the Uniform CPA exam among other state requirements regarding experience and education, to carry out accounting and tax work with expertise.
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Bookkeeping: The recording of financial transactions- including purchases, sales, payments, and receipts- as a process of accounting and managing responsible by an individual or business.
Read MoreA is for Accountant
A is for Accountant- a professional hired to carry out such means of accounting. Business or not, everyone has some method of accounting, whether self-prepared or out sourced.
Read MoreABC’s of Accounting
Simply Taxes will be introducing education moments on our website, via blog post week by week. Each blog post will focus on accounting, taxes, and the likes to not only help us explain to you, but for you to understand what we mean! Accounting is a language different than that we speak every day- it…
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