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What is considered legitimate proof of income when filing self-employeed taxes?

Go to www.irs.gov and use the search box for Self-Employed Individuals Tax CenterRecord keepingWhat kinds of records should I keep?You may choose any record keeping system suited to your business that clearly shows your income and expenses. Except in a few cases, the law does not require any special kind of records. However, the business you are in affects the type of records you need to keep for federal tax purposes.Publication 583 , Starting a Business and Keeping RecordsSupporting Business DocumentsPurchases, sales, payroll, and other transactions you have in your business will generate supporting documents such as invoices and receipts. Supporting documents include sales slips, paid bills, invoices, receipts, deposit slips, and canceled checks. These documents contain the information you need to record in your books. It is important to keep these documents because they support the entries in your books and on your tax return. You should keep them in an orderly fashion and in a safe place. For instance, organize them by year and type of income or expense. For more detailed information go to www.irs.gov and use the search box and type Publication 583, Starting a Business and Keeping Records.http://www.irs.gov/publications/p583/index.htmlThe following are some of the types of records you should keep:*.Gross receipts are the income you receive from your business. You should keep supporting documents that show the amounts and sources of your gross receipts. Documents for gross receipts include the following:*. Cash register tapes*. Bank deposit slips*. Receipt books*. Invoices*. Credit card charge slips*. Forms 1099-MISCAnd more information is available below


What financial plan does a farm business and marketing plan contain?

The financial information in a good business plan should contain projections of sales, expenses, taxes & profits for up to 5 years. There should also be a break-even analysis that details at what point the venture crosses the line into profitability.


What are the mechanics of business letter?

The purpose of a business letter is to convey information, make a request or inquiry; a business letter also serves as a physical record of the communication.The format of a business letter is important to obtain the result(s) that you are expecting or require. The following format is designed to direct the recipient to the result you desire:The first paragraph should state why you are writing; that is all.The second paragraph should contain the information needed by the recipient to respond to your inquiry, make a decision, or act on your request. You may include the detriment or benefit that is the basis for your letter, but don't use emotion or opinion, just the information necessary. The second paragraph can be more than one paragraph, and if you have a lot of facts, you can use a bullet format. Use more than one paragraph only if absolutely necessary.The third paragraph is also known as the 'call to act' paragraph. You tell the recipient what you want them to do. Don't leave them to figure that out, they may not see what it is you need or want and do nothing. If you're just informing them of something, not asking for something, then summarize very briefly and thank them. Always thank the recipient, no matter what the nature of your letter.A business letter should stay focused on the point you are making or the result that you intend. It should not contain feelings, beliefs, or assumptions unless those are directly related to the goal of the letter. A business letter should always use the best possible grammar, etc. regardless of how you normally speak to the recipient(s). Always ensure that the letter includes the necessary information for the recipient to respond or contact you.


The liabilities division should contain what accounts?

what liabilities division should contain


What does cheque contain generally?

A cheque generally contains the payee's name, the amount to be paid in both numerical and written form, the date, and the signature of the account holder. It also includes the cheque number, the issuing bank's name, and relevant account details such as the account number and routing number. Additionally, there may be terms or instructions for processing the cheque.

Related Questions

What business documents most likely would not contain instructions?

E-mail


What do genes contain instructions for?

Genes contain instructions for building proteins.


What A(n) is an object created to contain related documents and application?

A(n) database is an object created to contain related documents and applications.


What are workplace documents?

A workplace document is any document that was created in the workplace or for use in a workplace, that provides steps or instructions to carry out tasks in the workplace, or that contain statistics about a workplace.


What kind of documents are electronic file that contain element that you can select usually by clicking a mouse to open other documents?

HTML documents.


What molecule genes contain the instructions for building?

The DNA molecule contains the genes for the construction of protein molecules.Genes contain instructions for building proteins.


Genes contain instructions fro assembling?

no


What documents contain of magna charta?

Magna Charta is a document.


Is business of business only business?

Business is a vast term and has many things in it . Its is an only business but it contain profit, growth, risk, losses or troubles etc so its is only business but contain every thing.


What an object created to contain related documents and applications?

A folder is an object created to contain related documents and applications. Folders help in organizing and grouping similar items together for easy access and management.


What is a general name for documents that contain links to text?

A general name for documents that contain links to text is "hypertext documents." These documents utilize hyperlinks to connect various pieces of text, allowing users to navigate between different sections or related content easily. Common formats for hypertext documents include HTML web pages and PDF files with embedded links.


What is an authorized official's status regarding documents in DTS?

They are Certifying Officers when approving documents that contain payments, and Departmental Accountable Officials at all other times