Category: Bookkeeping

This rate will persist in subsequent tax years unless revised by the Commissioner. Consider the story of Maria, an entrepreneur from Latin America who founded an LLC in Texas. Initially overwhelmed by the tax requirements, Maria turned to BizForm’s platform for assistance. In addition to a federal return, you must file a state return (in […]

The independent variable is gender identity, and the dependent variable is brain activity measured with an fMRI scanner. The type and length of mindfulness training is the independent variable, and the level of test anxiety – measured with a standardized anxiety questionnaire – is the dependent variable. In this case, sleep duration is the independent […]

For an individual, annual gross income equals the amount of money that you earned in a year before taxes. If you’re a business, your annual gross income would be your company’s revenue, less any business expenses. Some examples of nontaxable income include inheritance, municipal or state bonds, workers’ compensation payments and life insurance proceeds. Again, […]

The independent variable is gender identity, and the dependent variable is brain activity measured with an fMRI scanner. The type and length of mindfulness training is the independent variable, and the level of test anxiety – measured with a standardized anxiety questionnaire – is the dependent variable. In this case, sleep duration is the independent […]

It’s imperative, therefore, that you produce good notes from each of your classes and from the books you use – notes that you can read, that are useful, and that are logically organised. If you make notes by hand – in class, for example – try to type them up at the end of the […]

Full financial statements are typically used by analysts, auditors, and regulatory bodies who require a complete and transparent view of the company’s financial position. These stakeholders rely on the detailed information to perform rigorous evaluations, ensure compliance with accounting standards, and make informed recommendations. Conversely, condensed statements are often utilized by executives, investors, and other […]

As a practical matter, some engagement teams may choose to discuss how they might respond to the identified risks. Beyond passing audits,  compliance builds trust and credibility with customers, suppliers, investors, and regulators. Yet,  85% of privileged credentials go unused for 90 days, and nearly one in three users have permissions they never exercise, creating […]

The software used for multi-entity accounting typically includes features like intercompany eliminations and automated reporting, making it easier to manage complex financial structures. Enterprise Resource Planning (ERP) systems help manage financial data across several entities. An ERP brings accounting functions into one platform, reducing manual errors and streamlining data flow between departments. Regularly reviewing FASB […]