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Fiscal Year As we know a period is required for getting a financial report of a company or organization. So a period was chosen as a fiscal year. It is…
Accounts Receivable vs. Accounts Payable In the realm of finance and business operations, it is essential to grasp the distinction between accounts receivable and accounts payable. These terms play a…
AFSP stands for Annual Filing Season Program which is a program offered by IRS in the United States. This program has aim to encourage tax return preparers who are not…
Here is a list of some commonly used short forms or abbreviations in the context of income tax in the USA: AFSP Annual Filing Season Program AGI Adjusted Gross Income…