MyIRSRelief

JULY 4, 2025

Business Audit Defense: Specialized Considerations Business audits present unique challenges and opportunities that require specialized knowledge of business tax law, accounting principles, and operational considerations.

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inDinero Accounting

JANUARY 22, 2024

In this article, we’ll explain the GAAP-compliant method of reporting deferred revenue, provide bookkeeping examples, and explain how the practice will impact your taxes. Table of Contents Deferred Revenue Accounting Principles Why Use Deferred Revenue Reporting Over Cash Accounting?

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ThomsonReuters

MARCH 7, 2024

The depreciation for nonresidential real property, residential real property, and qualified improvement property is calculated using the straight-line method under the rules of accounting for both tax and generally accepted accounting principles (GAAP).

accounting principles 98

accounting principles Tax tax planning accounted 98

CPA Practice

OCTOBER 29, 2024

QuickBooks Live Expert Assisted: Frees up time for accountants by connecting businesses to QuickBooks Online-certified experts to educate them on how to set up and manage their business within the platform as well as answer questions on specialized topics such as business tax and payroll tax compliance.

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Basis 365

FEBRUARY 20, 2023

Complying with Accounting Standards and Tax Regulations An accurate balance sheet is also vital for complying with accounting standards and tax regulations. It helps ensure that your financial statements are prepared by following generally accepted accounting principles (GAAP).

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ThomsonReuters

AUGUST 25, 2023

Book depreciation, which is also known as accounting depreciation, is the amount recorded in a business’s financial statement for a fixed asset (i.e., machinery, equipment, and tools for business use) that is allocated over the useful life of that asset. This ultimately reduces the net income reported by a company.

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inDinero Accounting

APRIL 9, 2021

The four most common reasons SaaS companies switch from cash to accrual accounting are: Investors want to see accrual-basis financial statements (balance sheet and income statement), Generally accepted accounting principles (GAAP) compliance is required for public companies, A financial statement audit, and.

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