1. Allegero Accounting Services

Accounting

Accounting, also known as accounting, is the measuring, processing, and transmitting financial and non-financial data about financial entities, such as companies and corporations.

Principles of Accounting


The accounting principles define the guidelines and rules that businesses must adhere to in reporting financial data. The Financial Accounting Standards Board (FASB) publishes a standard set of accounting standards for the U.S. known as commonly accepted accounting standards (GAAP).





Debit & Credit


The term "debt" refers to an accounting transaction that either boosts the value of an expense or asset account or reduces an equity or liability account. ... The term "credit" refers to an accounting record that either boosts an equity or liability account or reduces an asset or expense account.






Bookkeeping


Buchkeeping refers to the method of recording the financial transactions of your business into an organized account every day. It could also refer to the different ways of recording that companies can employ. Bookkeeping is a crucial component of the accounting process because of many reasons.




Balance sheets are accounting statement that reveals the company's assets, liabilities, and shareholder equity. A balance sheet can be among the three fundamental financial statements utilized to assess the performance of a business. It is a summary of the company's financials (what it has and owes) on the publication date.


Personal Tax


Income tax is a tax levied on individuals or businesses concerning the earnings or income earned by them. Taxes on income are generally calculated by multiplying the tax rate multiplied by the amount of income that is tax-deductible. However, tax rates vary based on the nature of the characteristics of the taxpayer and the kind of income.








Corporate tax

The corporate tax, also referred to as corporate tax or company tax, is a direct tax imposed by a government on the capital or earnings of legal entities. Numerous countries have such taxes on a national level, and similar taxes can be set on state or local levels.






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