synthesis indonesia logo

What is Trade Discount Definition & Example? Trade vs Cash discounts

In the real world, however, the reseller doesn’t sell at the list price, instead gives some discount to the buyers in order to gain more market share. In some cases, trade discounts may be subject to various conditions to drive purchase decisions in support of the suppliers’ commercial and financial goals. These conditions could include […]

How hard is the Enrolled Agent Exam

Prometric calls the EA exam the Special Enrollment Examination (SEE), so when you see this instead of “Enrolled Agent exam” or “EA exam,” don’t panic! Once you have everything together, you’ll create an account with the IRS Tax Professional PTIN System Opens in new window and follow the prompts to fill out the application. The […]

Unearned Revenue Definition, Accounting Treatment, Example

If you’re using accounting software, you can create a recurring journal entry for each month, eliminating the need to create a separate entry each month. The balance of the money paid early will remain in the unearned revenue account and should only be recognized as the goods and services are provided each month. If you […]

ITIN expiration FAQs Internal Revenue Service

An adoption taxpayer identification number, or ATIN, is a temporary, nine-digit tax ID number the IRS gives to people who are in the process of adopting a child. The IRS provides the number if the adopting parents cannot get a Social Security number for the child in time to file their tax return. The number […]

8 Best Practices to Improve your Accounts Receivable Management

Accounts payable optimization is often the first target for businesses seeking a stronger working capital position, but it’s not the only option available. Accounts receivable optimization is another opportunity that’s well worth pursuing. https://www.personal-accounting.org/ Our advanced AR analytics and reports offer extensive customization options, allowing businesses to gain valuable insights into customer behavior. This enables […]

Get an Individual Taxpayer Identification Number ITIN to file your tax return

Once the application is completed, the information is validated during the online session and an EIN is issued immediately. A Social Security number, or SSN, is a nine-digit number issued to U.S. citizens and permanent residents. Over the course of one’s lifetime, the U.S. government will use this number to track your earnings and years […]

What is the CARES Act? Small Business Owners Guide to CARES Act

For purposes of subparagraph (B), the term controlled group means any group treated as a single employer under subsection (b), (c), (m), or (o) of section 414 of the Internal Revenue Code of 1986. For purposes of paragraph (1)(C), in the case of a qualifying child who is adopted, the term valid identification number shall […]

Individual Taxpayer Identification Number Internal Revenue Service

We strongly suggest that you get certified copies of all your documents instead of sending originals. We also suggest you send the application and documents by certified mail so you’ll have evidence of when you filed the application and where you sent it. To obtain an ITIN, you must complete IRS Form W-7, IRS Application […]