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September 12, 2020

Restaurant accounting for QSR and Fast Casual Multi-Unit Franchisees – Time is Money

How quickly a restaurant’s financial statements are prepared after the end of the reporting period matters a lot. The faster the financial statements get in the […]
August 3, 2019

Exclusions Under Tax Law For – Meals, Scholarships, Compensation For Injury & Damages Received

ARTICLE HIGHLIGHTS – This article covers exclusions for – Meals & Lodging received by employees Scholarships received Compensation for injuries & sickness Payments received from Damages […]
July 8, 2019

Tax on my Hobby Income ? Hardly any expense deductions ? Read to know more

Lets suppose you occasionally make paintings at a nearby rented studio as a hobby, and you occasionally sell those paintings at a local marketplace. You also took […]
July 8, 2019

Taxation of Fringe Benefits received by Employees

In this article, we shall cover taxation of Fringe Benefit. A fringe benefit is a form of pay for the performance of services of value besides […]
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