We specialize in bookkeeping, payroll, income tax return preparation, and retirement planning, and serve a nationwide clientele consisting of individuals and businesses of all types and sizes (LLC, partnerships, C & S Corporations), as well as trusts and estates. As financial problem solvers, we provide practical advice and proactive solutions with personalized service. We are affordable, experienced, and friendly, and we tirelessly study and research the ever-changing world of tax law and regulation so that we can help every client realize the greatest possible savings and return on investments. Our office is conveniently located in Dover, Delaware. Please contact us today to find out more about how we can make YOUR life less taxing!Tax
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๐ฆ๐ต๐ผ๐๐น๐ฑ ๐ ๐ฟ๐ฒ๐ฐ๐ผ๐ฟ๐ฑ ๐ฎ ๐ฏ๐๐๐ถ๐ป๐ฒ๐๐ ๐ฒ๐
๐ฝ๐ฒ๐ป๐๐ฒ ๐๐ต๐ฒ๐ป ๐ ๐ฝ๐ฎ๐ ๐๐ต๐ฒ ๐ฏ๐ถ๐น๐น ๐ผ๐ฟ ๐๐ต๐ฒ๐ป ๐๐ต๐ฒ ๐๐ผ๐ฟ๐ธ ๐ถ๐ ๐ฑ๐ผ๐ป๐ฒ?
Whether you record an expense when you pay the bill or when the work is completed depends on whether your business uses cash-basis or accrual accounting. And that timing can change how your financial reports look.
With ๐ฐ๐ฎ๐๐ต-๐ฏ๐ฎ๐๐ถ๐ ๐ฎ๐ฐ๐ฐ๐ผ๐๐ป๐๐ถ๐ป๐ด, you record income when money comes in and expenses when money goes out.
With ๐ฎ๐ฐ๐ฐ๐ฟ๐๐ฎ๐น ๐ฎ๐ฐ๐ฐ๐ผ๐๐ป๐๐ถ๐ป๐ด, you record expenses when they're incurred, even if you pay the bill at a different time.
For example, if you pay a contractor in advance for work they'll complete next year, that payment may appear differently in your books depending on which method you use.
When those costs are being recorded matters. Otherwise, you might have trouble figuring out why one month looks more expensive than another.
๐๐ฉ๐ช๐ค๐ฉ ๐ข๐ค๐ค๐ฐ๐ถ๐ฏ๐ต๐ช๐ฏ๐จ ๐ฎ๐ฆ๐ต๐ฉ๐ฐ๐ฅ ๐ฅ๐ฐ ๐บ๐ฐ๐ถ ๐ฑ๐ณ๐ฆ๐ง๐ฆ๐ณ ๐ช๐ฏ ๐บ๐ฐ๐ถ๐ณ ๐ฃ๐ถ๐ด๐ช๐ฏ๐ฆ๐ด๐ด?
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The founder of Ring still puts his personal email address on every product box so he can get real intel from customer emails that land in his inbox.
Talk about a customer care strategy!
Ring's Founder Sold the Company for $1 Billion. He Still Puts His Email on Every Box
www.inc.com
The entrepreneur says customer emails give him โground truth data.โ Experts say the tactic only works under one condition.0 CommentsComment on Facebook
๐๐ผ๐ ๐ฐ๐ฎ๐ป ๐ ๐ฑ๐ผ๐ป๐ฎ๐๐ฒ ๐๐๐ผ๐ฐ๐ธ ๐๐ผ ๐ฐ๐ต๐ฎ๐ฟ๐ถ๐๐ ๐ฏ๐ฒ๐ณ๐ผ๐ฟ๐ฒ ๐๐ต๐ฒ ๐ฒ๐ป๐ฑ ๐ผ๐ณ ๐๐ต๐ฒ ๐๐ฒ๐ฎ๐ฟ?
To donate stock to charity, transfer the shares directly into the charity's brokerage account without selling them first.
Here's how:
1. Ask the charity for its stock transfer instructions, including its DTC number and brokerage account information.
2. Contact your brokerage firm to authorize the transfer, specifying which stock and how many shares you're donating.
3. Notify the charity beforehand. Electronic transfers don't always identify the donor, so the charity needs to know the shares are coming from you.
4. Request a written acknowledgment confirming the gift and whether you received anything in return.
And remember: ๐๐ถ๐ฃ๐ฎ๐ช๐ต๐ต๐ช๐ฏ๐จ ๐บ๐ฐ๐ถ๐ณ ๐ต๐ณ๐ข๐ฏ๐ด๐ง๐ฆ๐ณ ๐ณ๐ฆ๐ฒ๐ถ๐ฆ๐ด๐ต ๐ฅ๐ฐ๐ฆ๐ด๐ฏ'๐ต ๐ฎ๐ฆ๐ข๐ฏ ๐ต๐ฉ๐ฆ ๐ฅ๐ฐ๐ฏ๐ข๐ต๐ช๐ฐ๐ฏ ๐ช๐ด ๐ค๐ฐ๐ฎ๐ฑ๐ญ๐ฆ๐ต๐ฆ.
For year-end planning, you'll want the shares to reach the charity's account by December 31. I'd recommend starting by early December to leave time for processing and confirming receipt.
๐๐ข๐ท๐ฆ ๐บ๐ฐ๐ถ ๐ฆ๐ท๐ฆ๐ณ ๐ฅ๐ฐ๐ฏ๐ข๐ต๐ฆ๐ฅ ๐ด๐ฐ๐ฎ๐ฆ๐ต๐ฉ๐ช๐ฏ๐จ ๐ฐ๐ต๐ฉ๐ฆ๐ณ ๐ต๐ฉ๐ข๐ฏ ๐ค๐ข๐ด๐ฉ ๐ต๐ฐ ๐ข ๐ค๐ฉ๐ข๐ณ๐ช๐ต๐บ? ๐๐ฐ๐ธ ๐ฅ๐ช๐ฅ ๐ต๐ฉ๐ฆ ๐ฑ๐ณ๐ฐ๐ค๐ฆ๐ด๐ด ๐จ๐ฐ?
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First State CPAs & Associates |
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18 S. State St, Dover, DE 19901 |
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| (302) 736-6657 | |
| Business Hours | |
| January 1st January 31st | |
| MondayโFriday: | 8amโ5pm |
| Saturday & Sunday: | closed |
| February 1st April 15th | |
| MondayโThursday: | 8amโ6pm |
| Friday: | 8amโ5pm |
| Saturday: | By appointment |
| Sunday: | closed |
| April 16th December 31st | |
| MondayโThursday: | 8amโ5pm |
| Friday, Saturday & Sunday: | closed |