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How a Temporary Inventory Account Can Help You Simplify Procurement

par admin | Juil 12, 2024 | Bookkeeping

When you report your end-of-year income, you’ll calculate the profits you made by selling that inventory. Permanent accounts, on the other hand, have their balances carried forward for each accounting period. You must close temporary accounts to prevent mixing up...

Edsel Dope breaks silence on speculation he is Static-X’s new vocalist

par admin | Mai 23, 2024 | Bookkeeping

« With STATIC-X, we knew very early on that we were not going to have the overwhelming support of the media and the community, » Edsel continued. Edsel then discussed the role he’s taken on to ensure Wayne Static’s legacy is handled properly, including the...

Illinois Governor JB Pritzker proposes $2B in spending growth without new income or service taxes in budget address

par admin | Jan 15, 2024 | Bookkeeping

Effective January 1, 2025, the tax rate goes down from 4.7 percent to 4.4 percent (applied on taxable income exceeding $10,000). As part of its comprehensive tax reform, effective January 1, 2025, Iowa consolidated its three tax brackets into a single bracket with a...
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