Remove blog accounting book-value-vs-market-value
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Schedule A and tax-deductible donations to charities

ThomsonReuters

For accountants, understanding the ins and outs of tax deductions for charitable contributions , including how to properly report monetary donations using Schedule A, is an essential part of tax planning for clients. The value of the deduction is typically based on the fair market value of the donated property.

Tax 94
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“How can I use social media to promote my accountancy practice?”

Mark Lee

There are two types of accountants who use social media and Linkedin: Those who have learned what works FOR THEM, and Those who have bought into the hype and HOPE that what are doing will prove to be worth the time and effort. Unfortunately, the vast majority of accountants seem to fall into the latter category.

Account 92
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U.S. Foreign Trade Zone (FTZ) vs. Customs bonded warehouses: Understanding the differences

ThomsonReuters

Re-exportation opportunities : Goods can be re-exported without entering the domestic market, making it easier for businesses to access international markets and expand their global reach. Value-Added activities : Goods can be inspected, repaired, repacked, manipulated, manufactured, or destroyed within U.S. This allows the U.S.

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Best Accounting Blogs: Finding a Great Blog for Accountants

Snyder

Accountancy firmly belongs to the financial sector but it also shares a lot of key features with the service industry. Tailoring your offer to your customers, marketing your firm, choosing the latest technology, or providing excellent customer care – it all becomes very important in this competitive market.

Account 52
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Boost Your Financial Performance: Reports Your FP&A Team Needs

Acterys

To deal with economic and market turbulence, businesses must create well-rounded financial plans and monitor business performance against targets regularly. In this blog, we look at three main reporting types that FP&A teams must use to monitor the financial health and performance of a business.

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What is use tax?

ThomsonReuters

Sales tax vs. use tax Summary Sales tax and use tax are important sources of revenue for the government but properly calculating, collecting, and reporting these taxes can quickly get complicated. It is calculated on the value of the property, which is typically the purchase price. Jump to: What is use tax? What is nexus?

Tax 98
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A Definitive Guide to Rolling Forecasting for Modern FP&A Teams

Acterys

In this blog, we’ll explain: What rolling forecasts are. In addition, this approach facilitates driver-based planning where you can base your forecasts on key metrics, like human capital, sales, market share, production rates, and others, instead of past results. From Rigidity to Flexibility: Traditional Budgeting vs Rolling Forecast.