Income Statements
Income Statements, also known as profit and loss statements, show a company’s revenues, expenses, and profits over a specific period. This statement helps assess a business’s performance and profitability.
Income Tax Preparation
Income Tax Preparation involves preparing and filing tax returns to comply with federal and state tax regulations. Professional tax preparation services help minimize tax liabilities and ensure accurate filings.
Internal Revenue Service
Another term for the IRS, the federal agency tasked with tax collection and tax law enforcement in the United States.
Intrusion Detection Systems
Tools that monitor networks in real-time to detect and respond to suspicious activities or potential security breaches.
Invoicing
Invoicing refers to the process of generating and sending bills to customers for products or services provided. Proper invoicing ensures timely payments and clear communication with clients.
IRS (Internal Revenue Service)
The federal agency responsible for administering and enforcing the tax laws of the United States. The IRS collects federal taxes, processes tax returns, and oversees various tax-related programs.
Legal Accounting
Accounting practices specifically related to the legal profession. This includes managing financial records for law firms, handling client funds, billing, and ensuring compliance with legal financial regulations.
Multi-Factor Authentication
A security process that requires users to verify their identity through multiple forms of verification, such as passwords, biometrics, or security tokens.
Network Security
Measures taken to protect a computer network from unauthorized access, misuse, or theft of data.
Payroll
Payroll encompasses the process of calculating employee wages, withholding taxes, and ensuring compliance with tax laws. Proper payroll management ensures timely and accurate payments to employees and government agencies.