Bookkeeping

Newest EU VAT Rules in 2025 for Dropshippers

Of all of the taxes you’ll pay as a dropshipper, none are more complex than sales Accounting for Technology Companies tax. But just because it’s complicated doesn’t mean it’s impossible to figure out. To understand whether you need to charge sales tax, you’ll need to determine if you have a nexus. With income tax payments, … Continue reading

August 1, 2022 genx2021 Bookkeeping

Depreciation: Types and Journal Entries Explained

The income statement account Depreciation Expense is a temporary account. Therefore, at the end of each year, its balance is closed and the account Depreciation Expense will begin the next year with Accounting Security a zero balance. In this case we cannot apply the entire annual depreciation in the year 2018 because the van has … Continue reading

July 22, 2021 genx2021 Bookkeeping