Being that once a dividend is declared, it becomes a financial obligation for the company to pay them. In this article, we will discuss dividends and assets to understand whether dividends are considered

Don't deduct investment management fees from this amount, but report these fees on Part IX, line 11f. Whether a payment from a governmental unit is labeled a “grant” or a “contract” doesn't determine

Tax professionals include CPAs, attorneys, accountants, brokers, financial planners and more. Their primary job is to help clients with their taxes so they can avoid paying too much or too little in federal

These companies collect cash from their customers at the time of the transaction. Most companies use a cash receipts journal to record these sales. A cash receipts journal uses a single number column

Despite the fact that firms have recommitted to reviewing their internal practices after the PCAOB’s scathing first round of reports a few years ago, deficiency rates have continued to rise. But that’s likely

For example, let’s assume you run a business that makes customizable handmade blankets. The business has only been running for about six months but has proven popular internationally because of the customization process