answersLogoWhite

0

What else can I help you with?

Continue Learning about Accounting

Sample letter for late submission of reports?

Dear [Recipient's Name], I am writing to inform you that there has been a delay in submitting the reports as per the agreed deadline. Due to unforeseen circumstances, I require additional time to ensure the accuracy and completeness of the data included in the reports. I sincerely apologize for any inconvenience this may cause and will ensure that the revised reports are submitted promptly. Thank you for your understanding. Sincerely, [Your Name]


Distinction between standard costing and actual costing?

Standard costing is process of determining the standard price require to produce one unit of product while actual costing system uses the actual prices of manufacturing one unit of product.


Does UK law require company annual reports?

Yes, every year UK companies must report their income to Her Majesty's Revenue and Customs (HMRC) and pay the appropriate taxes.


Why is profit a require for basiness?

All businesses need to earn profit to establish stability in the market. Profit is one tool to measure the dominance of the business in the market. It is the 'survival component" of all businesses in order to weather stiff market competition and prevent the company from untimely saturation or bankruptcy.


How does a tax deductible slip from Goodwill work come tax time?

Certainly it's acceptable documentation....for those types of donations you need to document. I keep a copy of the receipt with my return--the information goes on the tax form that deals with charitable contributions and the type of contribution. It does not need to be attached to a return or anything. Just, if you are audited, you have to produce documentation for the amounts that you claimed as a deduction based on contribution. Some contributions, basically those above a few hundred dollars, require specific types of documentation or proof. Certain types of donations require special types of paperwork...cars, stocks, etc. See the link for complete explanations, limits and other requirements for having a supportable charitable contribution deduction.

Related Questions

How do you hyphenate documentation?

"Documentation" doesn't require a hyphen.


What is the difference between an LLC and a Professional LLC?

A standard LLC are your small businesses that do not require professional licensing, such as retail stores. A professional LLC are your small businesses that do require professional licensing such as Attorney and Doctor Offices.


Is it true Formal communication requires the use of written reports to document all interactions?

Formal communication does not require the use of written reports to document all interactions. Formal communication may be in the form of either a verbal presentation of written documentation.


What documentation does one need to start a company?

Different types of businesses require different types of documentation. Generally, most or all business require a registered business name, or DBA, which is the company's legal name. Companies also need to register a tax ID and may need various permits depending on the type of company.


Does the HP ProLiant ML370 G5 require an air conditioner?

According to the documentation on HP's website, it appears that it can be sufficiently cooled with standard cooling fans, provided it is mounted on the rack correctly.


When did the Nazis require documentation of Jews?

From April 1933 onwards.


What is informal communication in a workplace?

Communications between employees which do not require documentation.


How long does hipaa require documentation to be kept?

Six years


What do borrowers need to provide when applying for no documentation loans?

Even though no documentation loans by definition do not require any documentation, the prospective applicant still needs to provide some proof of income.


What are the differences between a large book passport and a standard passport?

A large book passport has more pages than a standard passport, allowing for more visa stamps and travel records. This type of passport is typically issued to frequent travelers or individuals who require more space for documentation. On the other hand, a standard passport has fewer pages and is more commonly issued to regular travelers.


Why do insurance companies require so much documentation?

There are a tremendous number of people who attempt to defraud insurance companies; it is a constant problem. Documentation is intended to ensure that claims are honest and legitimate.


What form do you use for all specially controlled training ammunition items which require a consumption statement?

Missing firing reports