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Construction Accounting Concepts You Can Benefit From Today

Randal DeHart

But with so many accounting principles and practices, it can be challenging to know where to start. This guide will break down the essential accounting principles that every small business owner should know. Why Are Accounting Principles Important for Construction Businesses? That's where we come in!

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Changes to Lease Accounting Rules (ASC 842)

SMBAccountant

New rules are going into effect for lease accounting which may change how small businesses who follow Generally Accepted Accounting Principles (GAAP) think about and reporting leases. Given the new lease accounting rules, these businesses may now need to determine whether the benefit of leasing outweighs those of buying.

Account 246
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Cloud-Based Accounting: Sage Intacct’s Modern Solution for Businesses

Cherry Bekaert

With Sage Intacct’s front-to-back-office compliance tools, business users can collaborate and document decisions in the context of financial records, ensuring Generally Accepted Accounting Principles (GAAP) compliance and future audit readiness. Highlighting Sage Intacct Feature – Use Case Visix, Inc.,

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20 Offshoring and Outsourcing Best Practices for Accounting & Tax Firms

CPA Practice

Provide constructive feedback and recognize achievements. This helps maintain accountability, boost morale, and address any concerns or challenges. Conduct skill-based interviews and tests to assess the offshore accountant’s proficiency in relevant areas such as accounting principles, tax regulations, software usage, and data analysis.

Tax 98
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A Comprehensive Guide to Building an Optimal Accounting System

Basis 365

Whether you're a small startup or a seasoned enterprise, building an optimal accounting system requires careful planning, strategic technology integration, and unwavering commitment to financial discipline. If you decide not to do this on your own, we recommend partnering with an outsourced team of accountants and bookkeepers.

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Boost Your Financial Performance: Reports Your FP&A Team Needs

Acterys

For regulated and publicly traded businesses, financial statements are formal documents that must adhere to Generally Accepted Accounting Principles or International Financial Reporting Standards rules. These statements are audited by independent firms for reliability and accuracy. Here are seven common financial statements.

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2022 Federal Budget Highlights

DMCL

Budget 2022 introduces the Multigenerational Home Renovation Tax Credit which will allow families to claim a 15% tax credit up to $50,000 in renovation and construction costs. Introduction of a Multigenerational Home Renovation Tax Credit. Labour mobility tax deduction. Effective for 2022 and subsequent years.