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Accounting Basics. Though basic accounting may be simple common sense to some, basic accounting skills are incredibly important to managing a small business. From keeping employees happy, to getting ready for tax season, to simply keeping your business afloat, here are some basic accounting resources.Accounting methods that focus on taxes rather than the appearance of public financial statements. Tax accounting is governed by the Internal Revenue Code which dictates the specific rules that companies and individuals must follow when preparing their tax returns.Temporary differences occur because financial accounting and tax accounting rules are somewhat inconsistent when determining when to record some items of revenue and expense. Because of these inconsistencies, a company may have revenue and expense transactions in book income for 2013 ...Want to get seriously savvy with your business accounting, but don't know where to start? You don't need to be a professional accountant to decode the jargon. Use these pointers to find out how to make sense of your accounts, balance your budgets, and boost your profit margin.Understand basic (GAAP) accounting. Before you can learn tax accounting, you'll need to have a basis in the standard Generally Accepted Accounting Principles (GAAP). You can either sign up for a class in basic accounting, perhaps at a local community college or online, ...Animated videos which are easy to understand. Learning has never been so exciting. In this course you will find everything explained with a video lecture. The type of lectures are animated (cartoon) videos that break down the most difficult concepts used in tax accounting. Depending on your commitment, this course can ...Animated videos which are easy to understand. Learning has never been so exciting. In this course you will find everything explained with a video lecture. The type of lectures are animated (cartoon) videos that break down the most difficult concepts used in tax accounting. Depending on your commitment, this course can ...Entrepreneurs and self-employed individuals, who might otherwise be savvy about financial matters often make mistakes when it comes to filing their taxes — and no wonder. There are literally thousands of pages of tax code, and they change constantly from year to year, confounding even the most astute accountants.BASIC ACCOUNTING. Over time your business will enter into transactions with other businesses, individuals and the tax authority. The business transactions need to be counted (aka accounting ) and categorized accordingly, so you can understand what has driven the change in your financial position. emelino t maestro knows maestro emelino and tax specialista