If you’re doing accounting tasks for your business, you’ve probably heard of the Generally Accepted Accounting Principles (GAAP), but you may now know exactly what they are. However, applying them will ensure that your business’s finances are represented fairly and accurately. So, what are the principles of GAAP? Read on to learn about the principles and how they should be used for your own accounting practices.
The Silver State is renowned for its lenient taxation policies, but how much is payroll tax in Nevada in 2020? If you’re starting a new business in Nevada or relocating yours here from afar, you’ll want to know about your payroll tax obligations. Falling behind on your taxes can lead to costly fines and penalties, possibly causing you to change your business plans to handle them. Take some time to learn about Nevada’s payroll tax laws so you can stay ahead of your obligations and keep your business in good standing.
It’s easy to fall behind on bookkeeping, especially if your business has been impacted by a major disruption. While it seems like something you can put off, bookkeeping is necessary work that must be done. If you’ve fallen behind and need to quickly catch up on bookkeeping, there are several things that can be done to make up for lost time. Find out what they are to put your business and your finances on a better footing going forward.
Nevada’s mandatory shelter-in-place ordinance is one of the most challenging obstacles the public currently faces. If you have lost your income or are facing economic uncertainty, you are not alone. What matters in this type of situation is how we deal with these challenges and how we restructure our personal and business spending to prevent bankruptcy. Now is an opportune time to learn frugality tips and other creative ways to help us ride out this economic storm.
As the coronavirus pandemic continues to sweep across the world, our normal procedures and lifestyles have been forced to adapt. The United States 2020 Tax Season is no exception.
On March 17, 2020, U.S. Treasury Secretary Steven Mnuchin announced that the Internal Revenue Service (IRS) will extend the 2020 Tax Payment deadline. This tax extension was created to alleviate taxpayers coping with the pandemic and minimize economic upheaval. Yet, it’s an extension that has also invited confusion.