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Black Friday is fast approaching, and this means huge sales at retailers everywhere. Black Friday has been hyped as one of the best times of the year for buying anything from travel to electronics. Don’t be surprised if not everything is a great deal, so we have prepared a what to.
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The IRS defines a charitable contribution as “a donation or gift to, or for the use of, a qualified organization.” You must abide by certain rules to claim charitable donations on your taxes legitimately. Do you know the tips for handling donations on your taxes? Charitable Contributions what Are.
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What are accounting methods? Accounting methods help businesses keep their cash records and assist in preparing money reports by utilizing two fundamental methods of record-keeping for cash. These two methods are cash-basis and accrual basis accounting. These methods both have their own distinctive advantages of keeping corporate record keeping which help keep track of money coming.
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Do you often ignore or say too quickly “No” when asked whether you want a receipt? Not small-business owners. Knowledgeable business owners just know how to keep receipts. If they don’t, their tax return could be at risk. The question is: Are your business receipts audit ready? TAKE NOTICE The first mindset to.
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