Is your account receivable report showing a high balance or a low balance? Or you are not sure when you last view the report. Account receivable is money which is owed to your company by customers for products and services that you provided on credit. The simple meaning is cash is coming in.
Accounts Receivable (AR) Days (accounts receivable divided by sales, multiplied by 365 days) can help you see roughly the number of days your company takes to turn accounts receivable into cash. The lower numbers are more desirable, since it is better to have cash in the bank than extra receivables on the books.
Need assistance, Call MCBtax at 1-347-464-9153 or send an email.
The federal government is having a neighborly issue. You know the one, the tidy-whitey and scratching neighbor that comes out to get his newspaper the exact same time you are leaving for work. Sorry Mr Rogers, I can't say "can you be my neighbor?" because it's already too late. Appropriations does not affect him or the federal tax law, and all taxpayers should continue to meet their tax obligations as normal. Individuals and businesses should keep filing their tax returns and making deposits with the IRS.
The Internal Revenue Service still expects tax payments to come in on schedule. That means the Oct. 15 deadline remains in effect for people who requested a six-month extension to file their tax return. People with extensions in parts of Colorado affected by severe storms, flooding, landslides and mudslides also have more time, until Dec. 2, 2013, to file and pay.
Check to see if you qualify for these and other often-overlooked credits and deductions:
For further information, visit irs.gov or call us at 347-464-9153.
Need assistance, call MCBtax at 347-464-9153 or send an email.
The federal shutdown is affecting taxpayers who have pending issues before the Internal Revenue Service, or who have questions about returns due Oct. 15. Some taxpayers who were sent notices about levies and liens just before the shutdown find themselves unable to access funds and no way to resolve it until the federal workforce returns. Other taxpayers are unable to resolve identity theft issues.
The Wall Street Journal (tiered subscription model)
Need assistance, call 347-464-9153 or send an email.
Click here to schedule a phone consultation to increase your income or call MCBtax at 1-347-464-9153 today.