IRS Form 4506-T, Request for Transcript of Tax Return, is used to request tax transcripts and certain tax information from the IRS. It is commonly used when a lender, school,…
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Category Archives: Accounting
IRS Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return, gives most individual taxpayers an automatic six-month extension to file their federal income tax…
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If you run a small business, freelance, or recently started a company, you may hear the word bookkeeping often without knowing exactly what it includes. In simple terms, bookkeeping is…
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A business can make millions in sales and still struggle financially if it does not manage costs effectively. This is why understanding profits vs profitability is important. Profit tells you…
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Managing a company’s financial records is not an easy task. But on the bright side, there are people who help you manage them so that you can save your time…
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A job can look profitable in your accounting records and still produce less profit than expected when the project is complete. Missing labor hours, incorrectly assigned materials, delayed subcontractor bills,…
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When a customer fails to pay an invoice and you determine that the amount is unlikely to be collected, you may need to record it as bad debt. A bad…
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If your business has employees, IRS Form 941 is one of the payroll forms you may need to file quarterly. The form, officially called the Employer’s Quarterly Federal Tax Return,…
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