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AccountantTerms
> Accrual Method Of Accounting
Accounts for income and expenses in the 12-month period earned or incurred, which is not necessarily when it is received or paid.
While most people regard accounting as boring and tedious work, it's arguably the most important part of running a business. South Carolina accountants keep track of what money is coming in and what money is going out. But if your company gets stuck with a disgruntled or corrupt employee, you can find that the business could be owing money to the government and that it's in worse financial shape than it is on paper. With the help of an accounting professional in South Carolina, you could straighten everything out quickly.
[2] Excludes excise taxes collected,[3] Includes tax-exempt organization,[4] Collections of tax (withheld and not withheld) [5] Includes estimated tax. [Money amounts are in thousands of dollars] in South Carolina
Total Internal Revenue collections [2]
16,454,904
Corporation income tax [3]
1,205,282
Total [4,5]
14,941,043
Income tax not withheld and SECA tax [4,5]
3,272,979
Induvidual income emploment taxes withheld and FICA tax [4]
11,586,936
Source: Internal Revenue Gross Collections, by State, Fiscal Year 2001
Accountants are responsible for a wide variety of duties. They make sure that a company is run efficiently, that records are kept accurately and that taxes are paid on time. Generally, accountants will prepare, analyze and verify financial documents.
There are four types of South Carolina accountants:
Public Accountants
Management Accountants
Government Accountants
Internal Accountants
Each accountant specializes in one particular field to provide specialized services for a company or for private clients. Their expertise is especially important at large public companies who are forced to disclose their financial status to investors or the Securities and Exchange Commission. But if the government discovers discrepancies in a company's financial records, the company and its executives could be in some big trouble: They could face hefty fines and jail time.
Our South Carolina Accountants can guide you through many circumstances arising from starting your own business and also assist you with all of your tax questions.
Some typical issues South Carolina Accountants may help you with include:
Auditing
General Accounting
Business Matters
Financial Planning
Mergers and Acquisitions
Contact our South Carolina Accountants
If you live in the following cities and need an accountant, you should contact our South Carolina Accountants as soon as possible:
Abbeville
Aiken
Anderson
Beaufort
Belton
Bennettsville
Bluffton
Camden
Charleston
Chester
Clemson
Clover
Columbia
Conway
Darlington
Dillon
Easley
Elgin
Florence
Fort Mill
Fountain Inn
Gaffney
Gaston
Georgetown
Goose Creek
Greenville
Greenwood
Greer
Hartsville
Hilton Head Island
Inman
Irmo
Ladson
Lancaster
Laurens
Lexington
Marion
Moncks Corner
Mount Pleasant
Murrells Inlet
Myrtle Beach
Newberry
North Augusta
North Charleston
Orangeburg
Pickens
Piedmont
Rock Hill
Seneca
Simpsonville
Spartanburg
Summerville
Sumter
Taylors
Travelers Rest
Union
Walterboro
West Columbia
York
Did You Know?
You may want to hire one of the top accounting firms.
Some of the top accounting firms include KPMG/Peat Marwick, Ernst and Young, Arthur Andersen and Price WaterhouseCoopers amoung others.
South Carolina Audio & Video
Accounting Standards
Audio, RM, 32 Kbps, 3:30, 1/16/2002
Bob Edwards talks with Chuck Landes, Director of Audit and Attest Standards at the American Institute of Certified Public Accountants. Source: National Public Radio
South Carolina External Sites
South Carolina Retirement Systems - Our Director
South Carolina Retirement Systems, a division of the South Carolina State Budget ... She earned her certified public accountant (CPA) accreditation i South Carolina Retirement Systems - Glossary
South Carolina Retirement Systems, a division of the South Carolina State ... This person is a certified public accountant who has earned the financi
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Legal Disclaimers The information provided on Accountants South Carolina.com is not intended to be accounting advice, but merely conveys
general information related to accounting issues commonly encountered.