Unveiling Illinois State Tax: Brackets, Deductions, And Forms Explained

Whether you work in Chicago, Rockford, or somewhere else, let’s take a look at how getting paid works here. Illinois applies per-gallon alcohol excise taxes based on the alcohol content of the beverage being sold. Beer will generally be subject to a rate of 29 cents per gallon while liquor is subject to a rate […]

Bookkeeping Adjusting Entries, Reversing Entries

Reversing entries are journal entries used in the accounting to reverse an entry that was made in the preceding period or clearing out old accruals entry before starting a new one. Rather than deleting an entry, reversing entries allow you to make adjustments while still maintaining the https://montanascribbler.com/2011/11/tracking-books-and-authors-with-online.html integrity of your financial records. In this […]