Top 10 Accounting Myths

Willy Wonka and the Chocolate Factory is a classic children’s movie from 1971. Starring Gene Wilder as the eccentric choclatier Willy Wonka, the movie has been beloved by millions for nearly 40 years. And although Wilder went on to continue with his successful acting career, starring in films like Young Frankenstein and Blazing Saddles, the 5 child actors from the movie have been less visible. So what ever happened to the 5 young actors from Willy Wonka and the Chocolate Factory?

Today, the number of short sales in the Sacramento real estate market has increased exponentially and I continue to get calls and emails asking what they are, can we do one, and are they a good way to buy a house?

The pile of papers that you need to take to your accountant needs to be placed in a file folder; ideally, you should have 12 folders. (They should have ends that are enclosed.) One folder for each month of the year, place the receipts dated in that month in the matching folder. Place your folders in a special spot, so the next time you have a tax receipt it can go straight into the proper folder.

It’s simple to use our website. You type in a question and wait for a response. If no answer is provided by someone in our online community, an expert Torrance CPA here at Better Tax will supply a timely and accurate answer to your question. When asking a question, please remember to provide as much detail as possible about the issue. The more detail provided, the more customized the answer will be. After you ask your question, keep checking back for answers. You type, they answer!

The congress extended this Moratorium for the second time recently, up until November 2014. Though, tax accounting experts but note that this moratorium has little to do with the use tax collection problem that is prevalent.

If you have someone to help you understand the numbers, or you have a strong accounting and financial management background, getting a person who is proficient in your accounting software and whose experience and personality is a fit for your business will probably work out well. On the other hand, if you don’t have anyone making sure the numbers are correct, the data entry bookkeeper is not a good idea. In this case, you’ll want to look for someone with full charge bookkeeping experience. That is, the ability reconcile the balance and perform a monthly close. Typically, bookkeepers do not have the skill-set to help you with financial management beyond accurate financial reports.

Of course, the above is not legal or accounting advice — it is for informational purposes only. Before making any decisions regarding legal or tax matters, it is vital that you consult a licensed professional lawyer or tax accountant.

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