Bookkeeping

Your amortization schedule will help you understand when you can reach the magic number to become eligible for home equity financing. Note that your amortization schedule affects only the principal and interest (P&I) portion of your mortgage payment. With an amortized loan, your mortgage is guaranteed to be paid off by the end of the […]

Let’s break down their impact on both the balance sheet and income statement. There are several types of payroll journal entries, each serving a specific purpose in payroll accounting. Properly managing tax withholdings prevents underpayment issues and ensures compliance with regulatory requirements. Employers must stay informed about changes in tax laws to ensure proper compliance.

Get accurate, affordable and efficient solutions for your business needs. Additionally, the accounting firm offers QuickBooks assistance, covering setup, cleanup, and training. IRS representation, business valuation, bank financing, and cost segregation are some HVAC Bookkeeping of the company’s other services. Guerrero CPA is headed by Ed Guerrero, who holds numerous certifications, including Great Plains Certified

There is no fee to file for an extension, and doing so can save you from a “Failure-to-File” penalty. That penalty is 5% per month, up to 25% of the tax owed. You always have the option to make a tax payment before filing your return. While you can file earlier, the deadline for filing

Accounts payable audits are not just a formality; they can act as a diagnostic tool for your organization. By revealing weaknesses and areas of concern in your accounts payable process, audits offer an invaluable opportunity for improvement. However, it’s important to ensure that this access is monitored and controlled to maintain the integrity and confidentiality