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Edom & Co. CPAs News

real estate llc
By Egheosa, Team Collaborator November 18, 2024
Forming an LLC for your Real Estate asset purchase.
Bookkeeping
By Susan, Team Collaborator September 16, 2024
Bookkeeping is the process of recording and summarizing all financial transactions of a business. It includes recording all income and expenses, as well as assets and liabilities. Bookkeeping is important for businesses of all sizes, as it helps to track financial performance, identify areas of improvement, and comply with tax laws. There are two main types of bookkeeping systems: single-entry and double-entry. Single-entry bookkeeping is a simpler system that only records the total amount of money coming in and going out of a business. Double-entry bookkeeping is a more complex system that records all financial transactions in two accounts: a debit account and a credit account. Bookkeepers use a variety of tools to track financial transactions, including ledgers, journals, and invoices. Ledgers are used to track the overall financial performance of a business, while journals are used to record individual transactions. Contracts, Receipts and Invoices are used to track sales and purchases.
7 Keys to Roth IRA
By Mary, Team Collaborator May 15, 2024
7 Keys to Roth IRA.
By James, Team Collaborator March 15, 2024
Augusta Rule for homeowners with reasonable and FMV rental to Content Creators.
By Pete, Team Collaborator January 16, 2024
Texas is one of nine states that is a community property jurisdiction. In general, this means that any property acquired by a couple during their marriage (with a few exceptions) is equally owned by both spouses. This can have a profound effect on the dissolution of property during divorce proceedings. Read on.
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