About Shuchi Bhatnagar

Posts by Shuchi Bhatnagar:

How to Prepare for a Tax Audit

There is no reason to be afraid of an audit if you have been ethical and truthful in your accounting methods. However, it is best to be prepared for an audit to make sure that it runs smoothly. Different types of audits require different preparation methods. If a business is brought up for an audit(…)

Are You Ready for Tax Day?

Because deadlines are strict, and penalties will be given to late tax payments, you should make sure that you do not put off your “tax day.” You should definitely start preparing your income tax return well before April 15. Whether you are doing your own income tax return or you are getting the help of(…)

What Is Accounting Anyway?

Anyone who’s worked in an office at some point or another has had to go to accounting. They’re the people who pay and send out the bills that keep the business running. They do a lot more than that, though. Sometimes referred to as “bean counters” they also keep their eye on profits, costs and(…)

Careers in Accountancy

There are a lot of different careers in the accountancy field. It ranges from bookkeeping, auditing, until you reach the position of financial officer. As the position title goes higher, you can expect higher salaries. However, in order to achieve these positions and professional designations, you need to get an accountancy degree. One of the(…)

Revenue and receivables

In most businesses, what drives the balance sheet are sales and expenses. In other words, they cause the assets and liabilities in a business. One of the more complicated accounting items are the accounts receivable. As a hypothetical situation, imagine a business that offers all its customers a 30-day credit period, which is fairly common(…)