answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What office prepares the yearly report showing income and expenses?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Does office depreciation expense go on income statement?

yes, under operating expenses


Which agency with in the executive office of the president is responsible for preparing an annual Report showing income and expenses?

The office of management and budget


What is a nominal account?

Land and Buildings; and Office Machinery A nominal account is account for income and expenses e.g Rent and rates account or subscription account.


iam 59 year old with no income and expired unemployment .need help to pay bills?

You need to contact the economic office for Galesburg and let them know your situation to receive more income for living expenses.


What account head can be used in tally for expenses of Bag for office?

u can create office supplies ledger under indirect expenses group


When would the tax office issue an offer in compromise?

The tax office would only issue a offer of compromise under these circumstances, the person had inability to pay, had a low income, had large expenses or had asset equity.


What software accounting program that helps home users and small office home office users balance their checkbooks pay bills track personal income and expenses track investments?

Personal Finance Software


Deduct Office Supply Expenses?

If you are a business owner and constantly purchasing equipment for the office, then the good news is that you can deduct these expenses using income tax software. You will be able to deduct for any costs that are associated with maintaining your personal business. Even if you only need to buy a few packs of pens and paper for the office, be sure to keep track of this expense. The more thorough you are in keeping track of expenses for office supplies, the more money you will ultimately be able to keep in your own pocket. It pays to be organized!


What information should you take to a meeting with a tax accountant?

Your business papers such as partnership agreements, joint venture agreements. Your income documents: W-2's, 1099 Misc income stmts, unemployment income, K-1's from S corporations or partnerships, royalty income, rental income, bank interest received, IRA distributions, and all other income. Social security numbers or IRS numbers for all your dependents or spouse. Expenses: Personal expenses such as medical insurance and expenses. State taxes paid. Home mortgage interest paid. Contributions to charities. Employee expenses. Union dues. Investment expenses. Business expenses: Expenses totaled by category. Office supplies, cost of goods sold, advertising, mileage, equipment used the business, rent, wages paid,etc. If you have separate business, (eg rentals, bike shop, coffee shop) list income and expenses independently for each business. Most tax accountants will provide new clients with a "Packet" that asks pertinent questions and also lists what items you should bring.


This executive office of the president prepares the national budget every year?

(OMB) Office of Management and Budget


What is the job of the office of management?

It prepares the federal budget and monitors spending.


Can you deduct home office expenses?

This could be possible if you have any qualifying home office expenses to deduct. Click on the below related links