If you were a monthly depositor for the entire quarter, put an “X” next to the second box and fill out your tax liability for Months 1, 2, and 3. Your total liability for the quarter must equal line 12 on your form. Fill out line 8 if you have a third-party sick payer, such…

Outstanding checks are those issued by a depositor but not paid by the bank on which they a beginner’s tutorial to bookkeeping are drawn. The party receiving the check may not have deposited it immediately. Once deposited, checks may take several days to clear the banking system. Determine the outstanding checks by comparing the check…

If VAT-registered, you must keep detailed records of VAT charged on sales and VAT paid on purchases. Consult your accountant to determine which method aligns with your business needs. There are also three tax bands, the basic, the higher rate and the upper rate. The upper rate band is 40% and applied to income from…

The firm’s owner, Brent Roberts, has over 20 years of experience as a public accountant. John W. Weldon, CPA, is a great bookkeeping service provider in Los Angeles. The firm assists small businesses with relevant accounting tasks, including QuickBooks setup and financial statement preparation. Besides having clean books and organized data, hiring a bookkeeper can…

It assists clients who want to manage their cash flow and improve financial success. It keeps track of clients’ financial records, such as bank reconciliations, balance sheets, and monthly operating statements. The firm also offers tax preparation and accounting review and accounting compilation services to clients with other financial management needs. Managing partner, Steven Coffey,…