Bookkeeping

March 21, 2024

What Is the Accounting Equation, and How Do You Calculate It?

You may recall from mathematics courses that an equation must always be in balance. Therefore, we must ensure that the two sides of the accounting equation […]
May 7, 2021

Where can I deduct my Qualified REIT Sec 199A Dividends from 1099-DIV? The Intuit Assist gave me instructions but the link “Explore on my Own” doesn’t seem to exist

The taxpayer multiplies the applicable percentage by (1) QBI, (2) W-2 wages, and (3) unadjusted basis of all qualified property to arrive at the includible amount […]
March 12, 2021

Bookkeeping for Small Businesses and Individuals in NY, NJ, CT and Virtual Offices Executive Bookkeeping Services, LLC

You will be able to keep track of your small business’ expenses and revenues with the help of LYFE Accounting’s dedicated bookkeepers. Knowing your profit & […]