The request asked whether an entity capitalises subsequent expenditure (ie adds it to the carrying amount of the asset) or, instead, recognises subsequent expenditure as an expense when incurred. Categorizing expenses correctly helps ensure that you aren’t overlooking any fees and can identify areas where you can save money. Farm bookkeeping and accounting involve maintaining […]

While I’ve arbitrarily set the salary to $40,000, you absolutely must verify the salary you pick for a one-person corporation is reasonable. Use Oregon Form OR-PCR, Protective Claim for Refund, when your claim to a refund is contingent on a pending court decision or legislative action. Notify us within 90 days of the final determination […]

Outsourced bookkeeping service involves delegating your financial record-keeping tasks to an external team of professionals. This solution allows businesses to streamline their accounting processes, reduce operational costs, and ensure compliance with financial regulations. By partnering with an experienced outsourced bookkeeping company, businesses gain access to expert support and advanced tools without the need to hire […]