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On the balance sheet, accounts payable is a liability account. Liability is divided into short-term liability and long-term liability.

All businesses operate with money. That means if you cannot control the cash flow, you cannot control the business

Both EAs and CPAs are granted unlimited representation rights to represent taxpayers before the IRS.

An enrolled agent is a person who has earned the privilege of representing taxpayers before the Internal Revenue Service

Outsourcing is the way that some companies call for a third-party provider for service or product, rather than handling it in-house.

For an idea to become a workable business project, you need to define where you should start?

Financial statements (financial statements) are a form of documents showing quarterly and annual business results of a company.

As a small business owner, it’s understandable that you’re going to miss a few months of bookkeeping. Your books must be missing you....

After a cheerful and enthusiastic project planning, many contractors are left wondering what happened to the expected enormous profit and...

To be qualified for deduction, business meal and entertainment expenses must be directly associated with the active conduct of a trade or...

“Audit-proofing” your return means documenting deductions so that you can prove them if you’re audited. Today’s historically low audit...

Tax deadline to file and pay federal income taxes deadline is now behind us. However, some taxpayers still facing certain problems after...