Skip to main content Skip to search
Collins Tax & Acconting Services LLC, Bloomfield, CT
DCollins@CollinsTax.com
860-243-8999
860-243-9337

recent blog posts

Hello world!

7.01.2017 / by CollinsTax Webmaster / 1 comments

Welcome to WordPress. This is your first post. Edit or delete it, then start blogging!

EU VAT CHANGES FOR 2015

EU VAT CHANGES FOR 2015

12.12.2014 / by CollinsTax Webmaster / 3 comments

There are two new directives, first for the fast reaction mechanism aimed towards preventing VAT fraud. Second one is for the optional and temporary application of the reverse charge mechanism in relation to supplies of certain goods and services.¬†Quick Reaction…

USES OF FINANCIAL REPORTS

USES OF FINANCIAL REPORTS

12.12.2014 / by CollinsTax Webmaster / 0 comments

Financial statements may be used by different stakeholders for a multitude of purposes.¬†Owners and managers require financial statements to make important business decisions affecting its continued operations. Financial analysis is then performed on these statements, providing management with a more…

FUNDAMENTAL ACCOUNTING

FUNDAMENTAL ACCOUNTING

11.12.2014 / by CollinsTax Webmaster / 1 comments

Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB) Statement of…

SAVE ON TAXES

SAVE ON TAXES

11.12.2014 / by CollinsTax Webmaster / 1 comments

Value Added Tax (VAT) is a tax on consumption levied in the United Kingdom by the National Government. It was introduced in 1973 and is the third largest source of government revenue after Income Tax and National Insurance. It is…

ACCOUNTING 1 ON 1

ACCOUNTING 1 ON 1

11.12.2014 / by CollinsTax Webmaster / 0 comments

Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB) Statement of…

PROPER INVOICE INFO

11.11.2014 / by CollinsTax Webmaster / 1 comments

Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB) Statement of…