LIFE IS LIKE BOOKKEEPING
EVERYTHING MUST
BE BALANCE
It is one thing to establish and own a business and it is entirely another thing to keep a record of every financial transaction made by the business establishment. The success of every business has a lot to do in the accurate recording of financial records.
The term “tax bracket” is the highest tax rate an individual is charged based on his income. 2018-2019 federal income tax brackets and new tax rates, under the federal income tax system, there are different rates that apply to different portions of an individual income.
A bookkeeper is one that is usually employed by a small or mid-size organization to record its financial transactions such as the purchases made, the sales, payroll, payment of bills, the collection of account receivable and the rest.
With the advent of technology in our society today, many things are done over the internet. The importance of internet to our daily lives and business can’t be overemphasized. You can comfortably stay at one location and do many things such as banking, payment,
registration as while as fill your income tax with your internet connected electronic gadgets such as IPhone, android, and computer desktop and laptop system. There are many privately owned websites and government websites where you can carry out your online income tax filing.
An income tax refund can be defined as an excess amount paid when there is more income tax paid than the payable income tax. This excess payment that is paid is refunded or given back by the income tax department after income tax return is processed.
Bookkeeping in accounting is known as the recording of different financial transactions both debit and credit. It is a major part of accounting in every business. Different transactions that are recorded include purchases made by an organization, sales transactions, payments made and received by a person or a corporation.
You presumably didn’t begin your business to process budget summaries, invest hours looking into expense consistence laws or stress over everything about the conclusions on your representatives’ finance.
The “business” side of business can eat up some of the time deplete you of the vitality you need to coordinate toward your center administrations and items.
You presumably didn’t begin your business to process budget summaries, invest hours looking into expense consistence laws or stress over everything about the conclusions on your representatives’ finance. The “business” side of business can some of the time deplete you of the vitality you need to coordinate toward your center administrations and items.
Before we start comparing the Accounting and Bookkeeping. We must have to learn more about both Business terms. Without knowing the background and history of these terms, we will not able to conclude the difference between Accounting and Bookkeeping. First, we will learn the answer to the question What is Accounting? and then we will go and answer the question, What is Bookkeeping? Finally, this article settles the differences between the two.
Most spoken sentence on each individual is this: How much I get back in taxes?
This question looks complicate but is simple. Before going to start you should have a little bit knowledge about “Withheld Tax”, normally called Withholding Tax or called Income Tax.