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• Corporate - 03.15

  • Extensions 09.15

• Payroll - 03.15

• Sales Tax 03.15

Due 04.15 and can be extended till 10.15

Commingling refers to the improper mixing of personal and business funds or assets, making it difficult to track and manage each separately for financial reporting or tax purposes.

Includes regularly reviewing expenses, cutting unnecessary costs, tracking and categorizing expenditures, and using accounting firm to maintain accurate and up-to-date records.

Cash basis accounting records revenue and expenses when cash is actually received or paid. Accrual basis accounting records revenue and expenses when they are earned or incurred, regardless of when the cash is received or paid.

• I prepare two main financial statements:

  • Profit and Loss (PNL): Shows the company’s profitability over a specific period (revenue, expenses, profit).

  • Balance Sheet: Displays the company’s financial position at a specific point in time (assets, liabilities, and equity).