What Happens if You Don’t File Taxes?

Content Seek Assistance From an Experienced Tax Attorney or CPA I haven’t filed taxes in 10 years or more; am I in trouble? How Does the IRS Know If You Haven’t Filed a Tax Return? What Happens If You Don’t File Your Taxes for Years? That’s more than two years after the April 15, 2008 […]

What is work in process WIP inventory? Definition, formula and benefits Article

Content How do you calculate work-in-progress? Managing work in process inventory In other projects metrics you need to know to calculate current WIP inventory What Does Work-in-Progress Mean in Accounting? Finally, WIP limits point out areas of chronic idleness or overload. They help the team see inefficiencies in the entire process rather than just the […]

Receipts for Taxes: What Do You Need to Keep?

Content Make Your Expense Policy Accessible New publication provides tax guidance on lodging, vacation rentals Ways to Prove Tax Deductions If Your Records Are Lost What makes a receipt valid? What if I lost my receipts for taxes? Computer Equipment and Software Instead, you must keep a log of the expenses and the business reason […]

Accrual Income Statements And Present Value Models

Content Statement Of Financial Position Balance Sheet Completing The Balance Sheet Financial Fundamentals Current Liabilities Statement Of Profit Or Loss And Other Comprehensive Income In June, when you spend the $2,000 for household items, you must begin to allocate 80% of the debt and the interest expense to investment purposes and 20% to personal purposes. […]