"Understanding how to report business income for your taxes is crucial for entrepreneurs and small business owners. In this video, we break down the essentials for tax year 2023-2024, providing clear guidance to navigate the process efficiently and accurately. Whether you're a sole proprietor, freelancer, or running a corporation, staying informed about income reporting can save you time, money, and headaches. Watch now to ensure you're on the right track with your business taxes!" ... https://www.youtube.com/watch?v=onVwl0GaSDk
Internal Control Deficiencies
Google Classroom: https://classroom.google.com/c/MjMwOTQ0MzU5MTU3?cjc=e3rqlj5
Class code: e3rqlj5
Reference multiple language audio and text: https://1drv.ms/u/s!Ap8mLpFX7uo9tlDLcQZUdPthH2OB?e=e4huM1
Playlists: https://www.youtube.com/playlist?list=PL60SIT917rv44nCp5WrgAJHVBRPi3EtpK
Audit Procedures
Audit
http://accountinginstruction.info/
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https://www.youtube.com/watch?v=VJ6U8lvNt24
Bank Rules Deposit Same Customer Different Account
QuickBooks Online 2020
https://accountinginstruction.thinkific.com/
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https://www.youtube.com/watch?v=zYPAcfOhHsA
Different Expenses for Meals & Travel Part 2 Income Tax 2023
You can also join our Accounting Instruction Free Month Membership here:
https://mailchi.mp/162b76dee17d/3vb67kuoou
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https://www.youtube.com/watch?v=U3O8N9cU9P0
"Uncover the power of flexible budgets in accommodating varying production levels in this insightful video. We'll contrast how flexible budgets adapt seamlessly to changes in production, offering precise insights into performance and costs, unlike static budgets. Whether you're scaling up or down, understanding this comparison is key to optimizing your budgeting approach. Watch now to unlock the potential of flexible budgets for your business!"
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https://www.youtube.com/watch?v=uNVl7LbmXmk
Free File can make taxes easier for seniors and retirees
https://www.irs.gov/newsroom/free-file-can-make-taxes-easier-for-seniors-and-retirees
https://accountinginstruction.info/
In times like these, every penny counts. This is especially true for taxpayers on a fixed income. Many of these are seniors and retirees who can file their taxes for free. Free File offers online tax preparation, direct deposit of refunds and electronic filing.
Here are some facts about Free File programs to help these taxpayers determine which one fits their needs.
The IRS urges all taxpayers to file electronically and choose direct deposit to get their refund faster and avoid pandemic-related paper delays.
IRS Free File is available on IRS.gov, and features brand-name tax software providers.
Free File offers the Form 1040-SR option for seniors over the age of 65.
Taxpayers can browse the offers or use the lookup tool to help them find the right product.
Each Free File partner sets its own eligibility standards. These are generally based on income, age and state residency. All taxpayers whose adjusted gross income was $72,000 or less will find at least one free product to use.
Some Free File products are available in Spanish.
MilTax online software is also available to certain veterans, regardless of income, and is offered through the Department of Defense.
Free File supports all the major forms that can be filed electronically. This means that even if someone's tax return is a bit more complex, they can usually still find a free offer.
Using Free File can help people find valuable credits and deductions including the recovery rebate credit. If someone is eligible for a recovery rebate credit – and either didn't receive Economic Impact Payments or received less than the full amounts – they must file a 2020 tax return to claim the credit even if they don't usually file. Taxpayers should review the recovery rebate credit FAQs for more information.
Free File providers also offer state tax return preparation, some for free and some for a fee. Taxpayers can also use the lookup tool to find the right state product.
Taxpayers can use their computer, smartphone or tablet to do their taxes. They just need to go to the Free File page of IRS.gov on their device. All Free File products can be used on mobile devices.
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https://www.youtube.com/watch?v=v8gZfNYbuIY