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2021 tax filing season set to begin February 12

by webdev@studiosight.com | Apr 9, 2025 | Uncategorized

The IRS will begin accepting and processing 2020 tax year returns on Friday, February 12, 2021. People who are ready to file can begin filing their tax returns with tax prep software, including IRS Free File. Software providers are accepting completed tax returns now,...

Balance Sheet vs. Profit and Loss Statement: What is the Difference?

by webdev@studiosight.com | Apr 9, 2025 | Uncategorized

The balance sheet and the profit and loss (P&L) statement are two of the three financial statements companies issue regularly. Such statements provide an ongoing record of a company’s financial condition and are used by creditors, market analysts and...

New law increases deduction limit for corporate cash contributions for disaster relief; IRS provides recordkeeping relief

by webdev@studiosight.com | Apr 9, 2025 | Uncategorized

The Internal Revenue Service today explained how corporations may qualify for the new 100% limit for disaster relief contributions and offered a temporary waiver of the recordkeeping requirement for corporations otherwise qualifying for the increased limit. Read More...

Balance Sheet vs. Profit and Loss Statement: What is the Difference?

by webdev@studiosight.com | Apr 9, 2025 | Uncategorized

The balance sheet and the profit and loss (P&L) statement are two of the three financial statements companies issue regularly. Such statements provide an ongoing record of a company’s financial condition and are used by creditors, market analysts and...
Common Mistakes People Make On Their Taxes

Common Mistakes People Make On Their Taxes

by webdev@studiosight.com | Apr 9, 2025 | Uncategorized

As tax day approaches, you make sure all your W-2 forms, deductions, and other paperwork are in order, and you will file the perfect mistake-free return this time. Well, that’s not always the case as minor mistakes can happen, and most of the time, they are fairly...
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