Don’t let your holiday giving turn into a nightmare. We reveal what you can deduct, and how to avoid an age-old tax trap.
Year-End Financial Considerations for Your Business
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The What, Why, and How of a Chart of Accounts
Unless you are well-versed in the accounting and financial world, the concept of a “chart of accounts,” may be new to you. It really is not that difficult. Essentially, a chart of accounts is a list of categories for your various business accounts: cash and equity, assets and liabilities, income and expenses. Keeping the chart...