SMBAccountant

MAY 17, 2024

Are you a small business owner seeking expert guidance on accounting practices? Establishing a core understanding of key accounting principles not only instills confidence but also ensures compliance with accounting and government regulations. These services can facilitate growth and financial management.

accounting software 130

accounting software Legal tax return financial statements 130

CPA Practice

AUGUST 23, 2023

The Financial Accounting Standards Board (FASB) issued a new standard on Wednesday that addresses the accounting for contributions made to a joint venture, upon formation, in a joint venture’s separate financial statements. 1, 2025, and early adoption is permitted. Securities and Exchange Commission staff,” the FASB said. “As

Account 52

Account accountant accounted accounting standards 52

ThomsonReuters

MARCH 7, 2024

Any property that is subject to the rules of QIP and is leased by a single tenant now falls under the rules for QIP for tax accounting purposes. This means that deductible amounts will be reduced to 80% in 2023, 60% in 2024, 40% in 2025, 20% in 2026, and finally 0% in 2027. By 2026, the bonus depreciation decreases to 20%.

accounting principles 98

accounting principles Tax tax planning Account 98

CPA Practice

DECEMBER 11, 2023

As we enter 2024, it’s natural to wonder what the future holds for this transformative emerging technology, especially for accountants. At the Ensuring Success Conference in Dallas , a session called “AI For Real: How Can Accountants Use This Technology?” reaches deal on landmark AI bill, racing ahead of U.S.

Technology 124

Technology audit E-commerce accounting principles 124

Cherry Bekaert

MAY 16, 2023

Analyzing Federal Regulations Federal Acquisition Regulation (FAR) 31.205-41, Taxes, states in part “The following types of costs are allowable: (1) Federal, State, and local taxes, except as otherwise provided in paragraph (b) below that are required to be and are paid or accrued in accordance with generally accepted accounting principles.”

income tax 83

income tax Tax tax return Connecticut 83

Cherry Bekaert

OCTOBER 25, 2023

The Financial Accounting Standards Board (FASB) has issued Accounting Standard Update (ASU) 2023-03 through ASU 2023-06. However, three of the four ASUs pertain to SEC guidance contained in the Codification and there were no new standards issued by the Government Accounting Standards Board (GASB) this quarter.

financial statements 111

financial statements accounting and finance accounting standards Finance 111

Withum

FEBRUARY 1, 2023

Every year the top dealership accounting firms and CFOs converge to discuss the latest hot topics as they relate to dealerships and dealership accounting issues. Once the election is made, the taxpayers must use this method of accounting for 5 years beginning from the tax year the election was made.

accounting and finance 52

accounting and finance income tax Tax CPA 52