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September 09, 2019

Charles Lutwidge
Retained Earnings Statement

Retained Earnings Statement

At the end of the year, at a general meeting of shareholders of the company or thefounders of the business, a decision is made on the distribution of the company’s netprofit. Part of the financial income that has not been distributed..

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September 09, 2019

Charles Lutwidge
A Guide to Prepaid Expenses

A Guide to Prepaid Expenses

To estimate the prospects of your business and properly manage it, you need a fast,and at the same time, a reliable way to calculate expenses and profits. To do so, youneed to account for all your costs, including prepaid expenses properly...

Articles

September 09, 2019

Charles Lutwidge
The Agent Background

The Agent Background

IntroductionThe business world keeps evolving every working day. Market trends and income-generating opportunities keep coming, which allows brave entrepreneurs to start-up businesses. As a ripple effect, the demand for the taxation workforce arises as well. So during these business-minded days, being..

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September 09, 2019

Charles Lutwidge
How much does an EA earn?

How much does an EA earn?

Introduction: Being an Enrolled Agent will give you countless opportunities to earn as much as you desire as your salary is not limited to a single job-paying post. You can make outside your main job by charging services for tax representation,..

Articles

September 09, 2019

Charles Lutwidge
What is the accounting equation?

What is the accounting equation?

In the formation of accounting data, a basic accounting equation is used for financial statement no matter if you are just a small business or a multimillion company. The Italian mathematician Luca Pacioli formulated a basic accounting equation formula in 1494..

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September 09, 2019

Charles Lutwidge
What is an enrolled agent, and does your business need one?

What is an enrolled agent, and does your business need one?

Individuals and businesses are required to file their tax returns every year. Doing it yourself, in most cases, is too complicated and time-consuming. This is where financial advisors and tax preparers come in to help. However, not every tax preparer has..

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July 10, 2019

Charles Lutwidge
What is bookkeeping, and how does it operate today?

What is bookkeeping, and how does it operate today?

Reporting is engaged in the system of registration and streamlining of all financial data of the enterprise. The organization of the accounting department and the high standards of professional bookkeeping practice is of paramount importance for any enterprise. Besides, an organization’s..

Articles

August 09, 2015

Charles Lutwidge
Why is accounting important?

Why is accounting important?

We do business because we want to earn. And accounting is the way to learn how much we earn through our business as it is all about keeping financial accounts. So accounting is always, and will always be part of running..

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