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Every year, January 1 to April 15 is what American businesses, professionals and wage earning individuals refer to as the tax season. It is during this period that the previous year’s financial reports and statements are filed for IRS review. Accounting professionals are therefore at their bidding to assist them with this undertaking; particularly the collection of necessary paperwork and the preparation of pertinent documents such as wage and earnings statements and of course the filing of tax returns. Small to medium size companies using the HP 9040 to turn out office print jobs are already equipped for heavy-duty printing. What is left to do is to ready the necessary reports, as follows: Collect expense records – Gather all payment receipts and other proof of expenses. These include cash receipts, financial account statements, statement of accounts, credit card statements, canceled or substitute checks and other financial records. This will ease up the financial review process. Itemize deductions – Identifying tax deductible business expenses can help reduce the resultant tax liability. Deductions are classified as being either “ordinary” or “necessary” expenses. Expenses considered by the IRS to be “ordinary” are expenditures that are acceptable and customary in the conduct of business such as office supplies, uniforms and expenses of transportation and fuel. Necessary expenses are those considered helpful and appropriate to one's trade or business. Printing devices such as the HP 9040 printer, consumables and stationery would constitute as a necessary expense to a print shop, writers or companies engaged in training and development. Review previous year’s tax charges – See if there are some changes from the previous year’s tax charges. It might with the depreciation of this year’s business and asset purchase. This alone can save the business significant amount of money. Invest on a reliable tax software – Make everything quick and fast flowing with the help of a dependable software dedicated for tax planning and accounting. For medium to large-scale companies, there are IRS approved tax systems being used. These software are also easily connected to the HP 9040 or any printer in the office for quick hard copy production. Hire an Accountant and Tax Consultant– No other individual is more adept with the methods and techniques of taxation than the accountant. When it comes to expanding and depreciation of business assets, a consultant knows the legal way to do it. Make no or less mistakes in filing financial statements and reports. Save the company penalties and charges from the IRS. The tax season is on and crunch time is expected in every corner of the company. Therefore, the right equipment is needed to assist with all the paperwork. When it comes to heavy-duty printing, the HP 9040 is programmed to turn out up to 30,000 pages per month, the recommended monthly printing volume for this device. Consequently, the HP 9040 is loaded with the C8543X toner cartridge that comes with a yield rating of 30,000 pages at 5% page coverage. Moreover, documents can be printed at the rate of 40 pages per minute, with the first page turned out in only 8 seconds time.
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HP 9040, Heavy-duty printing, Tax season,
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