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Community: Investing Wiki

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accounting method taxes: Original post by Shula Asher Silberstein of Demand Media When you file your first tax return for your business, you must indicate the accounting method you use to file your taxes. The accrual method requires you to report income at the time when it was earned and expenses at the time they were incurred, even if you haven't actually received the income or paid the expenses yet, while the cash…

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