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What else can I help you with?
Is capital an asset or liabilities?
Capital is that amount which is invested by owner of business in business and it's the liability for business to return back to it's owner that's why it is liability.
What happens if a business owner dont file or pay their taxes?
A business owner can go to jail for not filing their taxes. The IRS considers this tax evasion. If a business owner does not pay their taxes then the IRS will get upset and send nasty letters to the business owner, but cannot put them in jail. The best advice is to seek professional help immediately! Don't go with just any company. Go with a company who has an outstanding Better Business Bureau rating and one that is very experienced in dealing with these types of matters. Don't wait and don't be scared! Take action and take control! You can get back on track before it is too late. The key is to ACT NOW!
What is the use of owner in accounting?
The owner can invest money in the company and withdrawal money from a company. They have what is called equity. Equity is built by putting time money and effort into the company which entitles the owner to get money back from the company when it is able to do so.
What is capital profit?
An operating business may be able to invest its money which makes it as the profits back in the business.
Your capital is your major asset and so should be shownas an asset on the balance sheet?
It is the basic concept of accounting that business is a separate entity from it's owner. So when owner invest capital in business its now the liability of the business to return back that amount of capital to owner of business at the time of liquidation of the company that's why it is not asset but liability of the company and shown under liability side.
Do you get money back for filing a 1099 for less than 20000?
no
Is it illegal for a business owner to tell customers not to come back before they sell it?
No, it is not illegal for a business owner to tell customers not to come back. It is their business and they have the right to refuse customers especially if they are selling the business.
Is capital an asset or liabilities?
Capital is that amount which is invested by owner of business in business and it's the liability for business to return back to it's owner that's why it is liability.
Why capital is not an asset?
Capital is not an asset for business rather it is liability for business as this is the amount the owner who is separate from it's business invested in business and business Is requires to return it back to it's owner at the time of liquidation.
What is the use of owner in accounting?
The owner can invest money in the company and withdrawal money from a company. They have what is called equity. Equity is built by putting time money and effort into the company which entitles the owner to get money back from the company when it is able to do so.
What happens if a business owner dont file or pay their taxes?
A business owner can go to jail for not filing their taxes. The IRS considers this tax evasion. If a business owner does not pay their taxes then the IRS will get upset and send nasty letters to the business owner, but cannot put them in jail. The best advice is to seek professional help immediately! Don't go with just any company. Go with a company who has an outstanding Better Business Bureau rating and one that is very experienced in dealing with these types of matters. Don't wait and don't be scared! Take action and take control! You can get back on track before it is too late. The key is to ACT NOW!
Can you get garnished money back after filing bankruptcy?
No. And the filing will stp the garnishment, at least temporarilary. The debt, and all your others, as well as all your assets, will be involved in the BK.
What is the difference between capital cost and capital investment?
A capital cost is an ammount of money that the owner of a business, spends that he/she will not get back. EG: Paying hydro bills, etc. A capital investment is spending money on something that can, in turn, make you money someday. Eg: Purchasing a building or vehicle for your business. Hope this helped!
Can a trustee in chapter 7 bankruptcy take all of your income tax check if you have kids?
Sure. Can you take the money and not pay it back as you promised from a business whose owner and employees have kids?
What is capital beginning?
Beginning Capital is the amount which is bring by the owner of the company to start the business and it is the liability of the business to return back that amount as well as any profit earned by business to it's owner at the time of dissolution of business.
Is gross profit is the amount that the owners of a business get to keep as profit?
Gross profit is the amount left over after all expenses have been paid. The owner or owners or share holders do get to keep that money but, part of it and probably most of it will be put back into the business to help the business grow.
If you found money ion the floor, what should you do?
If you find money on the floor, it is generally a good idea to try and locate the owner. You can ask around if anyone has lost money or hand it over to a nearby establishment. If you cannot find the owner, it is considered acceptable to keep the money, as long as you have made a reasonable effort to return it to its rightful owner.
