Washington State Tax Updates

Content Retailing/Retail Service Washington LLC Taxes FAQs Step 4: Prepare to file and pay your Washington small business taxes Washington Public Utility Tax Washington Payday Laws Taxpayers are required to keep records for the most recent five-year return period. Businesses…

Accounting Treatment of Depreciation

If the asset is used for production, the expenditure is included in the income statement’s operational expenses section. If the fixed installment method of depreciation is used, a cost of $350 is to be allocated as an expense at the…

OUTSTANDING CHECKS

Content Outstanding Checks BUT….ACCOUNTANTS ARE TOO EXPENSIVE! How to prepare a bank reconciliation? What is a deposit in transit and why is it included in a bank reconciliation? Outstanding check definition Company This should provide real-time information about the total…

How to Calculate Retained Earnings

Content Can a Company Have an Accumulated Deficit & Cash? What is an accumulated deficit ? a. This occurs when a company has generated more losses than… What are retained earnings made up of? AccountingTools Limitations of Retained Earnings Of…