As experienced accounting professionals, M&A Accountants offers clients the benefits of bookkeeping services that are specific to their unique industry. Through restaurant bookkeeping and accounting, our team is able to provide business owners with the organization, documentation, and tools they need to keep their companies running and maintain compliance with all accounting and tax filing […]
We’re heading into the year-end holiday season, which means it’s time to start considering tax-loss harvesting It has been a rough year for the stock market. Diversified indexes like the S&P 500 or Nasdaq are down 18-30%, tech favorites like Amazon and Netflix are down 40-60%, and Crypto like Bitcoin or ETH are both […]
But what happens if you sell a share of Apple at a loss, then rebuy it in the same day? In this case, it triggers an IRS regulation known as the wash-sale rule: A capital loss will be disallowed when an individual sells or trades a stock at a loss and, within 30 days before […]
With 2023 just days away, could there be a more confusing time for investors? On one hand, the discussion is all about the upcoming recession — but is there actually going to be one? On the other hand, the discussion is also about the inflation monster, which has seriously impacted all of our wallets. For […]
1- Gross Total Income – The process of filing tax returns begins with the computation of your Gross Total Income (GTI). GTI includes salary income; income from house property; profit and gains of business & profession; capital gain and income from other sources. These are computed after adjusting for the relevant exemptions under each head, […]
Bad financial decisions are the wrong actions or practices that cripple your finances. When you make bad decisions concerning your finances, you may find it difficult or impossible to save money, invest, build an emergency fund, or accomplish certain financial goals. There are so many ways people make bad financial decisions. Nonetheless, here are a […]
1. Underreporting income – Underreporting income would be the first red flag. Unintentionally leaving out a small portion of your income may not get you audited. But if there’s a bigger discrepancy between the income you actually earned and what you reported on your return — and if it’s intentional — chances are higher that […]
If you or someone you know (i.e., relatives, friends, partners, employees) is currently facing IRS difficulties, you can find out how to get back on track with these insider secrets to tax relief. Learn how to get a leg up on back taxes and delinquent tax returns so that you can avoid severe IRS penalties […]
Due diligence is the process of verifying the information about the business, as provided by the seller, is correct and accurate. Due diligence is, in almost all sales, a condition of the buyer’s offer. The business conditions must meet the buyer’s expectations before the deal is finally closed. If there are any problems uncovered, this […]
The balance sheet displays the company’s total assets and how the assets are financed, either through either debt or equity. It can also be referred to as a statement of net worth or a statement of financial position. The balance sheet is based on the fundamental equation: Assets = Liabilities + Equity. The assets and […]