What It Is Income Tax Form 1120— How to File It ?

When you incorporate a business, you take on new responsibilities. One of these is filing Form 1120 (U.S. Corporate Tax Return)—five pages of dense text and empty, numbered boxes demanding to be filled. Don’t let the fine print get you down. With a…

Read more

Cash Basis Accounting vs. Accrual Basis Accounting

For Understanding the differences and which you should use for your business. The main difference between accrual and cash basis accounting is the timing of when revenue and expenses are recorded and recognized. The cash basis method is more immediate in recognizing…

Read more