Accrued and Deferred Income
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Accrued and Deferred Income
The use of accruals and deferrals in accounting ensures that income and expenditure is allocated to the correct accounting period.
Dec 19, 2021
Deferred Tax
Parents, Don’t Miss These Tax Breaks! ✅ $2,200 Child Tax Credit ✅ $2,100 Child & Dependent Care Credit ✅ Breast Pumps = Write-Off ✅ Home Office (if self-employed) ✅ Health FSA (up to $3,300) ✅ Dependent Care FSA (up to $5,000) ✅ $19k Gift Tax Exclusion ✅ Up to $8,046 Earned Income Tax Credit ✅Up to $17,280 Adoption Credit ✅ Up to $10k New Car Loan Interest Deduction ✅ $1k Trump Accounts (tax-deferred savings for newborns 2025-2028) ✅ Hire Your Kids in Your Business #firsttimeparents #firsttimepa
Parents, Don’t Miss These Tax Breaks! ✅ $2,200 Child Tax Credit ✅ $2,100 Child & Dependent Care Credit ✅ Breast Pumps = Write-Off ✅ Home Office (if self-employed) ✅ Health FSA (up to $3,300) ✅ Dependent Care FSA (up to $5,000) ✅ $19k Gift Tax Exclusion ✅ Up to $8,046 Earned Income Tax Credit ✅Up to $17,280 Adoption Credit ✅ Up to $10k New Car Loan Interest Deduction ✅ $1k Trump Accounts (tax-deferred savings for newborns 2025-2028) ✅ Hire Your Kids in Your Business #firsttimeparents #firsttimepa
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