Don't pay too much in taxes. Duplicate Revenue and check Balance Sheet.
Duplicated revenue = Higher Profit = Larger tax bill
If something belongs on one report, but lands on the other, both reports are wrong.
Always be sure to review both your Income Statement (P&L) and Balance Sheet anytime you review your financials, but especially before you file taxes.
https://hartsystemsbookkeeping.com
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Hart Systems Bookkeeping Welcome Video - Free Download
Welcome to my website!
https://hartsystemsbookkeeping.com
Here is some free value to take away and use in your business.
Make sure you're reviewing your Balance Sheet with your P&L everytime. It is so powerful when corrent AND used proactively.
Check out this scenario and you may need to balance all the advice coming from your various professionals. It all comes down to you... What do you want out of your business? What are the best steps to take to get you there?
Thanks for watching!
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