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(office use)PERSONNEL ACTION Requested.#: Southeastern California Conference of Seventh day AdventistsEMPLOYEE INFO Debase Accrual Date:Employee Name: New position (include job description) Halftime
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Base accrual date refers to the date used to determine the period in which income is earned for tax purposes, usually aligning with the end of the accounting period.
Typically, businesses and individuals who are required to report income and expenditures on an accrual basis are required to file a base accrual date.
To fill out the base accrual date, ensure that you document the date in the appropriate section of your tax form where income is recognized on an accrual basis.
The purpose of the base accrual date is to ensure accurate reporting of income and expenses in the correct tax period, reflecting the reality of transactions for that period.
The information that must be reported includes total income earned during the period, expenses incurred, and any relevant adjustments to both.
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