Month: March 2011

WASHINGTON – The Internal Revenue Service announced that interest rates for the calendar quarter beginning April 1, 2011, will increase by one percentage point. The rates will be: four percent for overpayments (three percent in the case of a corporation); Continue reading Interest Rates Increase for the Second Quarter of 2011→

Cash and accrual methods are the most commonly methods used by business taxpayers to report income and expenses. Once you have chosen your method, you must use it consistently.Cash Method:Due to its simplicity, the cash method is a popular choice Continue reading Accounting Methods Cash v. Accrual, which one is for your business?→