answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What are roles and responsibilities of accountant in clearing and forward activities?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Accounting

What do accountants do at small business?

An accountant keeps your books up-to-date and in line with your state's laws and the Federal laws regarding business. A good accountant goes above that by learning your state's laws backward and forward, and using them to enhance your business (including making sure that any garnished employee takes home the full amount that the law allows). A great accountant counsels you when you're about to make a financial mistake.


Is there a limitation on the loss carryforward of passive losses?

AnswerLosses from passive activities-activities in which the taxpayer doesn't materially participate, and most rental activities-may only be used to offset passive activity income (which doesn't include portfolio income); thus they can't be used to offset income from, for example, compensation, interest or dividends. Any losses that are unused in a tax year because of this rule are carried forward to the following year(s) until used, or until taxpayer disposes of the interest in the activity (or substantially all of the activity) in a taxable transaction. Passive activity credits may be used only to offset tax on income from passive activities, with a carryover of any unused credits. However, individuals who actively participate in rental real estate activities may use up to $25,000 of losses from those activities to offset nonpassive income; and those activities are not automatically passive for real estate professionals. However, the 25K losses start to phase out for a married filing jointly taxpayers with AGI of $100k and are gone completely at $150K AGI...


Loss Carry forward on a tax return?

If you are talking about a capital loss carry forward, you would enter the amount on Schedule D.


Capital loss carry forward?

Capital loss


How do you abbreviate balance brought forward?

b/f

Related questions

What responsibilities does a lock or loose forward have in Rugby League?

there are no loose forwards in rugby league


What are the responsibilities of a router?

1. Forward packets. 2. Determining best path from the sender to the receiver


Definition of clearing and forwarding agent?

Means carry and forward from dealer stokist and whole sale place their order


Define Forward Engineering?

Forward Engineering:"Forward engineering is the set of engineering activities that consume the products and artifacts derived from legacy software and new requirements to produce a new target system."


What activities can one do in Champery Switzerland?

You can do a lot of activities in Champery, you can go skiing, you can play hockey but there is too much to list them here, ask the locals they will forward you.


When entering a brought forward balance on the debit side of a bank t account where does the credit entry go?

I was looking for the answer to a similar question with regard to brought forward figures, luckily i know the answer to this one, my accountant told me to create a new account called bank brought forward, and then you credit it to that account. Hope this helps.


How can a board ensure that whistle-blowers will come forward to tell them about questionable activities?

The single most important thing a Board of Directors can do to encourage whistle blowers to come forward is to protect them from retribution as a result of good faith efforts to expose illegal or unethical activities.


How does clearing and forwading insure security of goods cargos?

For companies which forward mail and parcels but not cargo. A forwarder does not move the goods but acts as an expert in supply chain management.


What do accountants do at small business?

An accountant keeps your books up-to-date and in line with your state's laws and the Federal laws regarding business. A good accountant goes above that by learning your state's laws backward and forward, and using them to enhance your business (including making sure that any garnished employee takes home the full amount that the law allows). A great accountant counsels you when you're about to make a financial mistake.


How are estate taxes figured and who figures them?

That is one of the responsibilities of the Executor. The IRS and state provide the guidelines and forms to be filled out. It is pretty straight forward, and in many cases there are no estate taxes.


Why was Jonas not looking forward to the end of his training?

Jonas was not looking forward to the end of his training because it meant he would have to receive his assigned job and lose his current lifestyle, which he found fulfilling and empowering. Additionally, he was apprehensive about taking on the responsibilities associated with his new role in the community.


What is forward integration and backward integration?

Forward integrationBackward integrationA business strategy that involves a form of vertical integration whereby activities are expanded to include control of the direct distribution of its productsA form of vertical integration that involves the purchase of suppliers in order to reduce dependency.