Tag's: IRS

Today I'm talking about... Hey there. Today we're talking about accounting policy. What are accounting policies? Those are the rules you follow when you keep your records. Now there's some policies you need to have in place because they're required by the IRS. For example, you need to have in place a policy for how you capitalize asset, you need to have in place for reimbursements, you need to have

Today I'm talking about... During the course of your business, you often buy things. You might go to Office Depot, Staples, Walmart, wherever you buy your office supplies from. Some items you buy are really inexpensive. For example, a pen, pencils, they cost $5, $10, $15, $20. And sometimes you buy more expensive items like computers, equipment’s you need for your business, and things of that nature. So, when you buy more expensive