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Understanding GAAP rules

ThomsonReuters

What are the main consolidation models under GAAP? Therefore, it is critical that organizations use standardize d accounting practices when reporting financial information to ensure the information is transparent, consistent, and comparable. What are the GAAP rules for capitalization of costs? So, what are the GAAP accounting rules?

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Year-end tax planning strategies: Provide your clients with expert guidance

ThomsonReuters

Year-end tax strategy #1: Set engagements and expectations for next year Review your scope and pricing. Year-end tax strategy #1: Set engagements and expectations for next year Review your scope and pricing. Today, clients expect more from their accounting firms, and accountants need to make sure that their pricing model follows suit.

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Taxes on retirement income: Help for accountants advising clients

ThomsonReuters

As an accountant, advising your clients on retirement income taxes and related strategies can help them to optimize their financial planning in their golden years. Let’s take a look at some commonly asked questions on retirement income taxes and how your firm can best advise clients as they approach their retirement years.

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Handling Advanced Inventory Tracking Using QuickBooks Online

SchoolofBookkeeping

But time, technology, the evolution of the internet, have changed that and it’s worth looking into again. There are countless (see what I did there) options when it comes to business practices in terms of inventory tracking. It’s a Pandora’s box that deserves a blog of its own, but needs to be mentioned.

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SaaS Business Model: Everything You Need to Know

Snyder

This allows the businesses to minimize their IT infrastructure costs and concentrate directly on their business aims. In this article we’re going to focus on SaaS as a successful and promising business model. To get a better understanding of the SaaS business model let’s dive into the following aspects: 1.

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Tax Authorities Set an Aggressive Schedule for Global Minimum Tax

ThomsonReuters

Earlier efforts have given taxing bodies greater visibility into corporate tax planning and business activities, increased the systematic sharing of taxpayer information between countries, and spurred near real-time financial reporting requirements and other reforms to rein in tax avoidance.

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22 Shopify Tips and Tricks: How To Quickly Grow Your Online Store

Snyder

How do you get your product noticed? How do you continue steadily growing your business revenue? Whether you’ve just recently created your Shopify page or you’re an experienced seller, there’s always a way to improve your business management. Optimize your Shopify site for mobile use.