Content Prior year forms & instructions Taxation News + Events Please complete the security check to access freetaxusa.com Millions in state tax refunds moving to Unclaimed Property if taxpayers don’t claim them…Continue Reading Interact with 311 online The taxpayer will be notified that their tax return cannot be processed and the taxpayer must resubmit the […]
Read MoreContent What Are the Proper Accounting Entries for Payroll? Reversing Entries Example of Calculating the Payroll Accrual QuickBooks Accrued Expenses Key takeaways for accrued payroll An Example to Understand Accrued Payroll Employee commissions, wages, and bonuses are accrued in the period they occur although the actual payment is made in the following period. The largest […]
Read MoreContent Useful Items What Are Examples of Depreciable Property? AccountingTools Depreciation For Sankofa’s 2022 return, gain or loss for each of the three machines at the New Jersey plant is determined as follows. The depreciation allowed or allowable in 2022 for each machine is $1,440 [(($15,000 − $7,800) × 40% (0.40)) ÷ 2]. The adjusted […]
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