Avoid Floating Journal Entries. Question. If you had to take a multiple-choice question test on the game of chess, without the benefit of a chess board during the test, would you remove the chess board while studying, or would studying with the chess board be a better use of your time? ? ? What are… Continue reading Avoid Floating Journal Entries
Author: Bob Steele CPA
Why Accounting Makes Sense In Class But Not At Home
Why do financial accounting concepts make sense when we hear them in class, but the sense of accounting seems to get lost when we apply the same accounting concepts at home. I know I experienced this when learning accounting concepts. As I wrote down each step in an accounting process on paper along with the… Continue reading Why Accounting Makes Sense In Class But Not At Home
Why Accounting Makes Sense In Class But Not At Home
Why do financial accounting concepts make sense when we hear them in class, but the sense of accounting seems to get lost when we apply the same accounting concepts at home. I know I experienced this when learning accounting concepts. As I wrote down each step in an accounting process on paper along with the… Continue reading Why Accounting Makes Sense In Class But Not At Home
How Long To Master Accounting?
How long does it take to master accounting is a common question that is not easy to answer. One reason is that accounting is a very large topic and is not easy to fully define. Accounting can be thought of a subset of business or, in some cases, of law. The topic of business, in… Continue reading How Long To Master Accounting?
In What Order Should Accounting Be Learned?
Learners of accounting often ask about the best order to learn accounting topics, a question that usually means one of two things: • Should we learn accounting software before accounting theory, accounting theory before accounting software, or does it matter, or • In what order should we learn accounting topics. The relationship between accounting software… Continue reading In What Order Should Accounting Be Learned?
Secret To Learning Accounting Faster
The secret to learning accounting concepts faster. In short, Excel. Many learners do not consider Excel as a learning tool, but more like using a calculator during a test of addition and subtraction, equating the use of Excel to a tool for cheating, rather than a tool for learning. Nothing could be further from the… Continue reading Secret To Learning Accounting Faster
Capital Gains Rates – Income Tax 2018 2019
Capital gains are often taxed at a different capital gains rate, it often being favorable to ordinary income rates. We will look at capital gains rates for income taxes 2018 2019
Business Use Of Home Deduction – Income Tax 2018 2019 form 8829
Dividend Taxable Income – Federal Income Tax
The inclusion of dividends in taxable income and the related tax calculation. Dividend income can be more confusing then is seems at first glance. From a reporting standpoint dividends are usually easy to see because they will usually be reported on a Form 1099 Div. The rules related to the tax rate applied to dividends… Continue reading Dividend Taxable Income – Federal Income Tax
Tax Changes 2018 2019 – IRS Tax Law Updates
Tax Law changes for 2018 will discuss differences in the tax filing for 2018, filed in 2019, compared to the prior year tax filing for 2017 due in 2018. For specific tax advice consult a tax professional. There are many changes to the IRS tax code for 2018 in comparison to the prior year. We… Continue reading Tax Changes 2018 2019 – IRS Tax Law Updates