ABP #274 - Governmental Accounting, Part 1


Types of funds



* This article was originally published here Check out https://www.johannakimball.com

Comments

Post a Comment

Popular posts from this blog

EU-U.S. carbon tax proposed by German Greens to restore alliance

EU-U.S. carbon tax proposed by German Greens to restore alliance The Latest     •     January 25, 2021, 5:10 pm Europe and the U.S. should jointly adopt a carbon tax on imports as a means to promote low-emission production globally, according to the leaders of Germany’s Greens, the country’s No. 2 political… Rethinking your firm in 2021 The Latest     •     January 25, 2021, 3:02 pm With the pandemic shaking things up, now is a great time to reexamine your practice, and Amanda Aguillard of Elefant Training and Accounting Salon offers a guide to what the firm of the future can… Unlocking your accountancy firm's brand identity with archetypes AccountingWEB     •     October 27, 2021, 10:21 am Practice strategy Tags Marketing Check out https://www.johannakimball.com
Read more

How to File a 1099-K on TaxAct

Image
Did you receive a 1099-K tax form this year? If you’ve never seen this form before and are unsure what to do with it, don’t freak out — we can help you understand your Form 1099-K and guide you through reporting any necessary income. How do I use my 1099-K when filing my tax return? TaxAct ® takes accurate tax reporting seriously. That’s why we’ve spent much time and care optimizing our 1099-K reporting this year. We’ve added more detailed questions about what your 1099-K was for so we can help pull the proper tax forms for you. First, we’ll ask you for information about what types of income you’ve earned this year: As you can see from the screenshot above, Form 1099-K appears in more than one place — typically, this form is used for those who are self-employed, operate a side hustle, or sell personal items online. You could also receive a 1099-K for real estate rentals and royalties or farming. If you received a 1099-K for goods you sold as a hobby, there is also a third opti...
Read more

6 Common Tax Return Mistakes That Could Cost You

Image
Nobody wants to drag out the tax filing process — just make sure you aren’t sacrificing accuracy for speedy filing. To help you avoid making any costly errors this year, we’ve put together six common mistakes taxpayers make when filing their federal tax returns so you know how to prevent them ahead of time. 1. Filing too early The earlier you file, the earlier you’ll usually see your income tax refund. But while you don’t want to wait until the tax deadline (April 18 for tax year 2021) to file, you also don’t want to file too early. So, what’s the sweet spot? You can still file early! Just make sure you wait until you have all the tax documents you need before filing your tax return, such as any W-2s, 1099s, or other necessary tax forms. 2. Missing or inaccurate information This probably goes without saying, but typos are bound to happen in the days of e-filing. Some of the most common mistakes in this area include misspelled names, missing or incorrect Social Security number...
Read more