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Basic Accounting Principles

Posted on October 11, 2016 at 4:15 PM Comments comments (96447)

A number of basic accounting principles have been developed through common usage. They form the basis upon which modern accounting is based. The best-known of these principles are as follows:

 

 

 

Accrual principle. This is the concept that accounting transactions should be recorded in the accounting periods when they actually occur, rather than in the periods when there are cash flo...

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Late Tax Returns

Posted on October 11, 2016 at 2:00 PM Comments comments (14107)

Filing late or past due returns may not be as difficult as you think.

If you need additional time, we can usually help you get an extension of time to file or temporarily suspend collection activities.

If you can’t afford to pay your taxes, we can help negotiate a payment plan that you can live with;

If you have lost or misplaced your tax information, we...

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12 Things You Need to Know About the IRS Audit

Posted on October 11, 2016 at 1:50 PM Comments comments (20184)

12 Things You Need to Know About the IRS Audit

This year we compiled a list of perhaps the most important things you need to know about getting audited by the IRS. The “good news” is that IRS office examinations are perhaps at an all time low. The “bad news” is that there are perhaps more examinations than ever but most of the examinations are done by getting a letter from the IRS or correspon...

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