Bookkeeping

What is a tax write off

For this tax year, you can deduct $5 per square foot (though you can’t exceed 300 square feet — which means the most you can deduct is $1,500). Some people may be able to write off the personal property taxes that were charged and paid during the relevant tax year. The IRS recommends itemizing deductions if the itemized total will…

Dividends in Accounting

Get instant access to video lessons taught by experienced investment bankers. Learn financial statement modeling, DCF, M&A, LBO, Comps and Excel shortcuts. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. Dividend journal entry First of all, this dividend policy allows shareholders to benefit from increasing profits of a company,…

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