What Comes First: Accounting or Bookkeeping?

Bookkeeping is a foundation for accounting. Bookkeeping is the recording of income and expenses for a business. Accounting takes a subjective look at that data to see what it means for your business. Accounting creates financial reports and statements with the...

Last Of The 1040 Explanation

The finish line is finally here…. Line 29 is for the American Opportunity Credit. This is an education credit that can be taken for students in college. It helps reduce the amount of taxes owed or may even increase your refund. You will need to fill out Form 8863,...