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Bookkeeping

Oregon Income Tax Rates for 2024

“If residents and policymakers desire a higher level of service, the City will need more staff. If residents and policymakers accept a lower level of service, the City will need fewer staff.” At Perkins, we are committed to staying abreast of the evolving tax landscape to assist you in making informed decisions for your business, […]

Understanding your CP2000 notice Internal Revenue Service

Using an automated system, the Automated Underreporter (AUR) function compares the information reported by third parties to the information reported on your return to identify potential discrepancies. The CP2000 isn’t a bill, it’s a proposal to adjust your income, payments, credits, and/or deductions. The adjustment may result in additional tax owed or a refund of […]

Bookkeeping for Small Businesses and Individuals in NY, NJ, CT and Virtual Offices Executive Bookkeeping Services, LLC

It can also be cheaper than hiring an accountant, and can simplify the submission of VAT and other tax returns. In many cases, professional services may be a better option than DIY bookkeeping and accounting. A professional bookkeeper can save you even more time than software and ensure the level of accuracy you need to […]

Statement of Retained Earnings: A Complete Guide

A separate formal statement—the statement of retained earnings—discloses such changes. As mentioned earlier, retained earnings appear under the shareholder’s equity section on the liability side of the balance sheet. Companies today show it separately, pretty much the way its shown below. The following are the balance sheet figures of IBM from 2015 – 2019. In […]

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