Hallett Accounting & Consulting Services
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Our services has been serving the community for the last 20 years. Our team has grown and includes experienced Certified Online and Desktop QuickBooks Bookkeepers and dedicated support to provide both personal and professional financial services and PPP loans. In today's digital world, having a trusted IT consultant is mandatory to your business security and success, let ClarkConsultants Advisory Services help you!
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We're a well-established bookkeeping firm with a reputation for innovative and lasting results.
Our consultants are seasoned experts in the fields of accounting/auditing, business, and information technology.
What separates us from the rest is our experience and commitment to staying current with the ever-changing accounting, business, and IT landscape.
When your company faces an accounting, business, or IT challenge, you have to choose a consulting firm that brings an unmatched depth of real-world experience.
It doesn't get more basic than this.
All your business transactions pass through the Cash account, which is so important that often bookkeepers actually use two journals, Cash Receipts and Cash Disbursements, to track the activity.
If your company sells products or services and doesn't collect payment immediately, you have "receivables, " or money due from customers.
You must track Accounts Receivable and keep it up to date so that you send timely and accurate bills or invoices.
Unsold products are like money sitting on a shelf and must be carefully accounted for and tracked.
You must keep your records as long as they may be needed for the administration of any provision of the Internal Revenue Code.
Generally, this means you must keep records that support items shown on your return until the period of limitations for that return runs out.
The period of limitations is the period of time in which you can amend your return to claim a credit or refund or the IRS can assess additional tax.
Table 3 contains the periods of limitations that apply to income tax returns.
Unless otherwise stated, the years refer to the period beginning after the return was filed.
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