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HOFFMAN CAPITAL, INC. BUSINESS CREDIT & FINANCE CPA Practice Services Breakdown Worksheet Buyer: Seller: List Breakdown of Services: Tax Preparation Total Personal Tax Business Tax Audit & Review
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What is source and use of?
Source and use of funds is a financial statement that shows the inflow and outflow of funds within a specific period.
Who is required to file source and use of?
Businesses, organizations, or individuals who need to track and report their financial transactions are required to file source and use of funds.
How to fill out source and use of?
To fill out source and use of funds, you will need to list all sources of funds (income, loans, investments, etc.) and all uses of funds (expenses, repayments, investments, etc.) in a specific format.
What is the purpose of source and use of?
The purpose of source and use of funds is to provide a clear picture of how funds are being generated and utilized within a specific timeframe.
What information must be reported on source and use of?
On source and use of funds, information such as income sources, expenses, investments, loans, and repayments must be reported.
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