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Vertical Analysis: What It Is and How It Can Help You

Acterys

This blog will guide you on what vertical analysis is, how to perform it, and how it can help your business to scale through data-driven decisions. What is vertical analysis? Once you’ve incorporated the results, the remaining percentage will be your net profit/loss for that year.

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Excel for Small Business Owners

Ronika Khanna CPA,CA

As an accountant and financial consultant , I am often presented with the task of organizing and analysing data into a format that allows for greater insight into my clients businesses. You can refer to my article on whether you should use a spreadsheet or accounting software. See below for more details.

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

Acterys

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. FP&A teams are responsible for creating financial statements at the end of the accounting cycle. Here are some examples of financial statements: 1.

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Amortization in accounting 101

ThomsonReuters

Jump to: What is amortization in accounting? What are the different amortization methods? Some assets will fall under amortization accounting. What is amortization in accounting? What are intangible assets? On the balance sheet, as a contra account, will be the accumulated amortization account.

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7 steps for an accurate and successful corporate tax return filing

ThomsonReuters

that generates net income during a tax year is required to file a corporate income tax return. The taxing of profits from the business is at both corporate and personal levels, potentially creating a double taxation situation. If you don’t know what kind of corporation your business is, call the IRS Business Tax Line at 800-829-4933.

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Self-Employment Taxes for Small Business Explained

LyfeAccounting

So our goal for this post is to demystify the 70,000-page tax code for the self-employed into a simple post that will help you understand what self-employment tax is. This simply means that business profits, losses, and any taxes, pass through to your personal tax return where you pay for those taxes. What are Self-employment Taxes?

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What is state tax apportionment and how do you calculate it?

ThomsonReuters

Each state gets to decide what matters most — your payroll, property, or sales — and in what ratio to account for them. Each state gets to decide what matters most — your payroll, property, or sales — and in what ratio to account for them. What is apportionment in taxes?