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Archive for the ‘business terms dictionary’ Category


Active Participation

Involvement in day to day activities of a business

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Active Income

Income from sources requiring active participation, such as wages and self-employment income

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Accrued Interest Adjustment

Adjustment to taxable interest income for interest previously taxed because it was accrued

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Accountable Reimbusement Plan

Employee expense reimbursement plan which requires specific supporting documentation with expense reports.

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Accelerated Depreciation

Depreciation method resulting in larger deductions during earlier years and smaller deductions in later years

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