Mar 9


By UCC, I assume you are talking about the Uniform Code Council. hmmmm…. because accountants don’t want a barcode tattooed on their forehead?

Mar 7


Quick Books Contractors Edition would probably be great and cheap.

Mar 5

I only need to know what "services" mean THANKS!

Services mean intangible goods purchsed and sold. Teachers and schools sell education service, airlines and buses and cab drivers sell transportation service, masons and builders sell construction service, the hospital, doctors and nurses sell medical treatment services, the govt, sells postal, law and order maintenance service, the Election Commission sells electoral services, the cinema halls/ theaters, film festivals, zoos, circuses, television channels and clubs including the Indian Cricket Control Board sell entertainment and recreational services, the lawyers sell legal services, the telephone companies provide communication service of different types, the call centres provide customer relation services of a particular type, the local municipality provides water supply and other civic services, the banks provides fiancial services. Since you claim you need to know only the meaning of "services", you probably do not expect explanation of how these services are contributing in a dominant way to economic growth copared with manufacturing and agriculture.

Mar 1

Me and my brother own a music business. We help musicians get bookings at night clubs and other venues. Since I am a piano player too I have used the business to book myself for gigs and have the business pay me for those gigs. At the end of the year I issue myself a 1099-MISC. Is this a proper accounting and tax practice? I’ve looked on the IRS website and I can’t seem to find a definitive answer on this. Thanks for the answers!

No, money you take out of the business is treated as a distribution of equity rather than an expense that you invoice the company

Mar 1

Anyone have a example for an answer to this question? I am racking my brain trying to do this home work assignment and can’t seem to think of a format for an answer:

Question 4 – Explain briefly whether or not you would recommend the use of a debt service fund in each of the following scenarios. Please do state YES (I would recommend) or NO (I would not recommend). But please also do briefly explain your logic.

Part 4a – A local government issued $10,000,000 of bonds without a premium or discount with the entire balance of the issue due in 10 years (“term bonds”). Interest at 5% per annum is due on February 1st and August 1st each year. The government’s year-end is December 31st.

Yes, Debt Service funds are set up to account for the accumulation of resources and the payment of interest and principal on all "general obligation debt" other than that serviced by enterprise funds or by special assessments in another fund. Debt service funds are only used for the General Fund, Special Revenue Fund, Capital Projects Funds and Permanent Fund. It is NOT used for Internal Service Funds, Enterprise Funds, Pension Funds, Agency Trust Funds, Private Purpose Trust Funds and Investment Trust Funds.

Mar 1

…for the free market to handle?

State police, city police, county police, fire, road building, road repair, street cleaning, snow plowing, Water, sewer, garbage pickup, building inspectors, Soc Sec, Medicare, Medicaid, animal control, parks and wildlife, DMV/DPS, CIA, NSA, FBI, FAA, FDA, CDC, DCFS, EPA, FDIC, DOT, DHS, BEA, FBOP, FHA, NTSB, NHTSA, IRS, NASA, NOAA, USDA, ATF, DEA, DHA, TSA, US Air Force, US Navy, US Marine Corp, US Army, US National Guard, US Coast Guard, US Army Crop of Engineers, Census Bureau, etc are all services essentially run "socially" by the federal, state, and local governments. These are only a handful of the hundreds of departments and services run by the federal, state, and local governments. There are hundreds, if not thousands.

Now, if you look in the yellow pages, there are thousands upon thousands of goods and services offered by the free market, from accountants to Joe the plumber to yoga instructors.

So what determines which services should be socialized and which should be left to the free market?

well I have a belief that corner markets(markets that effect every thing) need to be stable and cheap to the mass. So if that means socializing so be it, but it does not have to be

Mar 1

I plan to go to TSTC in Waco, Texas for Business Management.

What all doors does this open up for me after I graduate?
These are the courses I am taking.

Introduction to Accounting
Accounting II
Payroll and Business Tax Accounting
Small Business Management
Business Law
Technical Customer Service
Laws of Cyberspace and Ethical Issues
Introduction to Keyboards
Business Math and Machine Applications
Business English
Professional Development for Office Personnel
Aviation Law

Cisco certification-http://ccietutorials.com/

Mar 1

i also want to know if services are taxable…then which services provided by such professional are exempt

The tax that you appear to be speaking of would depend on the location (state or country) the service was performed.

Mar 1


try this site

http://www.futureaccountant.com/

Feb 28

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