This includes…tuition, fees & expenses that you are required to pay to a qualified educational institution as part of your enrollment. This deduction will reduce the taxable income that you have. Which means that you can to subtract up to $4,000 from your total taxable income. Procrastinating on filing your taxes can cost you time and...Read More

Industry practices in bad debt accounting vary based on the size, nature, and complexity of the business. Understanding these practices helps businesses choose the most appropriate method for managing bad debts effectively. Furthermore, the direct write-off method may result in a delay in recognizing bad debts. Since businesses wait until a specific account is deemed...Read More

GoCardless helps you automate payment collection, cutting down on the amount of admin your team needs to deal with when chasing invoices. Find out how GoCardless can help you with ad hoc payments or recurring payments. With this in mind, here is a look at a number of different types of transfers that fall within...Read More