Archive for the ‘Tax Accounting’ Category
Wednesday, March 24th, 2010
I am currently applying for some internships in a few accounting firms, I am stuck as in I do not know which role to apply in these accounting firms. I am confused between two, either "Tax" or "Audit".
I would like to know which is the better one in terms of ...
Posted in Tax Accounting | 1 Comment »
Sunday, March 21st, 2010
GAAP applies to tax accounting in practice.It is the set of conventions and practises that are standard and need to be followed by companies while they are auditing their accounts.
Posted in Tax Accounting | 2 Comments »
Thursday, March 18th, 2010
Can anyone reccommmend a book that will guide me through basic accounting and record keeping and UK tax deductions, I am just going self-employed. Most of the books on Amazon seem to be aimed at an American audience.
HI
Just read this book and its very simple and easy to follow.I ...
Posted in Tax Accounting | 4 Comments »
Monday, March 15th, 2010
I already have a degree (in Finance), but I could go back to school and take some more accounting classes. Or would it be more useful to go to law school and do an emphasis in tax law? In case you're wondering, this is what I work on ...
Posted in Tax Accounting | 2 Comments »
Friday, March 12th, 2010
Help!! I am trying to figure out the bookkeeping entry for estimated tax payments that a company would make four times a year. I know I would have to CR cash but what do I debit? A reserve account? What type of account is that?
The debit side of the ...
Posted in Tax Accounting | 3 Comments »
Tuesday, March 9th, 2010
Any practical work experience in that field or something related is valuable. Why? Because you have some working knowledge of the industry and how things work.
And if you have experience in the same job as say an IRS Auditor, then you could pretty easily transfer that to the ...
Posted in Tax Accounting | 1 Comment »
Saturday, March 6th, 2010
I should do the service tax related job. Kindly brief m
Don't know what you mean, so I'll give you some possibilities:
When you pay your peeps, this is what you enter:
wages expense...1000 (dr)
fica tax payable...77 (cr)
fed withholding...100 (cr)
cash in bank.......823 (cr)
payroll tax expense...277 (dr)
futa tax payable...80 (cr)
suta tax payable...120 (cr)
fica tax ...
Posted in Tax Accounting | 3 Comments »
Wednesday, March 3rd, 2010
Is it because you can write off more in your accounts, than technically claim in your company tax return?
Depreciation for accounting purposes is designed to reflect the economic life of an asset and so spread its value over that life. It is based on the principle of matching income with ...
Posted in Tax Accounting | 3 Comments »
Sunday, February 28th, 2010
how to figure out net of tax in accounting
Here's the formula
Description $ %
Gross Sales ...
Posted in Tax Accounting | 1 Comment »
Thursday, February 25th, 2010
I want something catchy, not boring and normal.
In accounting, catchy doesn't fly. Accounting is expected to be boring, staid, conservative and professional. I want to puke every time I see the "cyclops" or "money suit" tax prep ads and the ones with the "green presidents" who don't know ...
Posted in Tax Accounting | 2 Comments »