Bookkeeping

26 Aug

Posted at 14:20h in Bookkeeping

Free cash flow is the available cash after subtracting capital expenditures. However, the cash flow statement also has a few limitations, such as its inability to compare similar industries and its lack of focus on profitability. The cash flow statement also encourages management to...

22 Aug

Posted at 12:37h in Bookkeeping

Starting in tax year 2023, the bill reduced Pennsylvania’s corporate net income tax rate from 9.99 percent to 8.99 percent, with further 0.5 percentage point reductions each year until 2031, when the rate will be 4.99 percent. Consequently, for 2025, corporations will face a flat...

02 Feb

Posted at 18:48h in Bookkeeping

You can track the status of your amended return using the IRS tool “Where’s My Amended Return? ” It provides updates on whether your return was received, processed, or needs further information. If you receive a corrected tax form after you have filed an amended...