If your S Corporation is large enough, you may need to complete a Schedule L on the tax return. The Schedule L is a two-year comparison of the company balance sheet according to the accounting records ...

The value of your business on any given day is the difference between your assets and liabilities. While many assets have intangible benefits, such as goodwill, recipes and patents, liabilities are ...

Payroll liabilities are payroll-related fees your company owes. Learn payroll liability types, how they differ from payroll ...