by thcg | Apr 8, 2021 | Bookkeeping
For example, a painting might get water damage, so the gallery charges the owner to handle the repair work, which usually means sending it back to the original painter. Some of this is the cost of food and drinks at gallery events, but in addition, the gallery may pay...
by thcg | Jan 22, 2021 | Bookkeeping
If this happens, you may be subject to a refund if the tax credit is refundable. For example, you have a $1,000 refundable tax credit and a $500 tax liability. An LLC taxed as a C Corp and C Corps both use double taxation instead of pass-through taxation. When the...
