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The Concept of Independence in Accounting

The Concept of Independence in Accounting

by Mary Philipps | Feb 2, 2021 | Bookkeeping, Small Business, Taxes

Independence is a key concept in accounting, especially in the assurance or auditing area of accounting. Assurance services are services where a licensed CPA reviews an organization’s financial statements and accounting records and provides an opinion about them. This...

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    Bookkeeper Extraordinaire, Lover of Small Business.

    Emily Clark
    Many districts around the state have approved sale Many districts around the state have approved sales tax changes that take effect on April 1st. Do you know if your district's sales tax is going up? Fine your tax rate on our website under client resources! www.5cbs.com
    When you think about a nonprofit, the first thing When you think about a nonprofit, the first thing that often comes to mind is that it is tax-exempt – most nonprofits are not subject to federal and state/local income tax. However, does that mean nonprofits are completely free of ANY tax liability? Find out in our latest blog article here! https://5cbs.com/2021/02/25/do-nonprofits-ever-pay-taxes/ #smallbiz #virtualbookkeeper #taxtips #smallbizlife #financialtraining #budgeting #entrepreneurlife #bookkeeper #loveyournumbers #womeninbusiness #numbersnerd #businesschicks #mobilebookkeeping
    Each year thieves try to steal billions in federal Each year thieves try to steal billions in federal withholdings by stealing your identity. As the IRS focuses more attention on this quickly growing problem, now is the time of year to be extra vigilant. Couple tips: File Early, Get an Identity Protection PIN, Check your credit reports, and Protect your ID. Want to learn more? Visit our website or contact us today! #soleproprietor #virtualaccountant #virtualbookkeeping #virtualcfo #smallbusiness #bookkeeping #businessowner #quickbooks #quickbooksproadvisor #businesswoman #femaleentrepreneur #entrepreneur #smallbiz #virtualbookkeeper #taxtips
    THIS JUST IN!!! The IRS has extended its acceptanc THIS JUST IN!!! The IRS has extended its acceptance of digital signatures through June 30, 2021.1 The categories of documents included are: • Extensions of statute of limitations on assessment or collection; • Waivers of statutory notices of deficiency and consents to assessment; • Agreements to specific tax matters or tax liabilities (closing agreements); and • Any other statement or form needing the signature of a taxpayer or representative traditionally collected by IRS personnel outside of standard filing procedures. #5cbs #2021 #tax #taxes #smallbusiness #smallbusinesssupport #smallbusinessowner #quickbooks #quickbooksonline #bookkeeping #financialfreedom #cyrptocurrency #crypto #cryptotax #costsegregation #researchanddevelopment #payroll
    It seems like the IRS is running behind this year It seems like the IRS is running behind this year also. They just announced that they will start excepting tax filings for 2020 on February 12th this year. This doesn't mean that you can't get a head of the game. Contact us today to complete your taxes and get them ready for filing!. Link in Bio #tandyconsulting #2021 #tax #taxes #smallbusiness #smallbusinesssupport #smallbusinessowner #quickbooks #quickbooksonline #bookkeeping #financialfreedom #cyrptocurrency #crypto #cryptotax #costsegregation #researchanddevelopment #payroll
    Form 1099-MISC, Miscellaneous Income and Form 1099 Form 1099-MISC, Miscellaneous Income and Form 1099-NEC, Nonemployee Compensation, are due to recipients on February 1, 2021, with some exceptions. Time is running out to complete and if you need help give us a call today! #smallbizlife #financialtraining #budgeting #entrepreneurlife #bookkeeper #loveyournumbers
    By law, employers are required to file copies of t By law, employers are required to file copies of their Form W-2, Wage and Tax Statement, and Form W-3, Transmittal of Wage and Tax Statements, with the Social Security Administration by January 31. However, since January 31 falls on a Sunday in 2021, the deadline is the next business day, Monday, February 1. #W2 #1099 #Beprepared #bookkeeping #businessowner #quickbooks #quickbooksproadvisor #businesswoman #businesswomen #femaleentrepreneur #entrepreneur #smallbiz
    Are you looking at your 2020 business books and th Are you looking at your 2020 business books and thinking why did I let this mess go for so long? Start 2021 off right but letting us help you with your 2020 books so that you can you start your 2021 fresh! www.5cbs.com #bookkeepingservices #accountingservices #entrepreneur #businessowner #quickbooks #accountants #money #taxreturn #smallbusinessowner #taxplanning #taxservices
    The price of Bitcoin has surpassed $31,300 on Coin The price of Bitcoin has surpassed $31,300 on Coinbase, reaching a new all-time high after blasting past $32,000. Do you agree with the analysts that it is just going to keep going up? Did you know we have experience with cryptocurrency? Learn more bellow or contact us today! http://tandycoinsulting.com/bitcoin-blasts-through-31300-what-do-analysts-think-about-btc-in-q1-2021/ #Crypto #bitcoin #cryptocurrancy #bookkeeping #accounting #smallbusiness #business #taxes #accountant #tax #payroll #finance #taxseason #bookkeeper #bookkeepingservices #accountingservices #entrepreneur #cpa
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