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The Hultquist Blog

What are some of the terms and acronyms accountants use and what do they mean?

PT-100: This is the South Carolina Business Personal Property Tax Return which is used to report business assets such as furniture, fixtures, and equipment.
SALY: Same As Last Year
AGI: Adjusted Gross Income
AMT: Alternative Minimum Tax

There are plenty more. If you hear one and don’t know what it means, just ask!

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