Proposal for Professional Accounting is a short and interesting book by Peter G. Lewis that was written during his retirement. The book is meant for professional accountants and business owners who need to know how they can approach the job of tax preparation and business management while still being able to take care of their families.
In this book, Lewis describes different ways for an accountant to deal with a problem in the tax return. He also gives different examples and some basic information on the different types of taxes and how they work. He also offers a solution to the problem and explains why the solution is the best one for that particular type of situation. It is a good book to read especially if you are a tax accountant.
The book is organized according to the four categories. The first category is the problems in the filing of returns. Then comes the tax rules that you need to understand. Then come the financial reporting and auditing process. The last section of the book is dedicated to the use of computers for professional accounting needs.
There are some important rules that are applicable to all taxpayers, especially when it comes to the tax returns. Taxpayers should be aware of these rules because it is one of the most important elements of tax returns. A few rules include the computation of the income tax that a person has to pay and the amount that is payable when filing the returns. In addition, there are some rules that govern the tax deductibles that you can choose to have on your returns. The IRS also has rules and regulations about the filing of the returns as well.
Most people who get interested in tax returns tend to ignore the financial statements and the statements of the business. As a result, they end up missing a lot of information that is vital for the financial reports of the business. The book provides information on financial statements and how to manage them.
This book is not suitable for people who only have accounting knowledge. For instance, it may not be useful to someone who does not even know what a balance sheet is. If the person is a beginner, the book could be very boring. On the other hand, some chapters are more advanced and provide a better understanding of accounting.
One of the weaknesses of this book is that the author seems to have forgotten that he is a professional accountant. He is still writing as an accountant. His knowledge of tax codes and tax rules is very limited. As a result, some of the topics that he discusses are very difficult to understand.
For instance, he mentions the fact that he thinks that the book will cover all tax situations that an accountant would face. However, he does not discuss different types of taxes and different tax laws. Thus, there is no real analysis of these subjects.
As mentioned earlier, positive Proposal for Professional Accounting is written as an accountant. It does not cover general tax issues. There are many other books that focus on general tax issues.
As far as the authorship is concerned, the book is not an outstanding one. It is a book about accounting and bookkeeping. In this book, the author does not provide any tips and guidelines for personal tax planning.
There are a few tips and guidelines in the book that are helpful but not specific to any particular situation. These tips and guidelines include keeping your tax return records in order, preparing receipts, filing the right forms and so on.
The book is a good source for learning more about preparing tax returns. It does not provide tips and advice on investing in any specific stocks, bonds, real estate, or any other asset.