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How to navigate accounting assumptions

ThomsonReuters

Jump to: What are the main accounting assumptions? Therefore, when serving business clients, it is important that accounting professionals have the right framework to ensure that proper financial reporting procedures are in place to help with accounting assumptions. What are the main accounting assumptions?

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How to spot accounting fraud

ThomsonReuters

When one thinks of accounting fraud, it is likely that these are some of the cases that come to mind. The risk of accounting fraud is always heightened when there is pressure on companies to meet certain objectives. When we are in a downward economy there is always a heightened risk of fraud. What is accounting fraud?

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Cash vs. Accrual Accounting

inDinero Accounting

Second, it will modify the timing of your tax liability for earnings and when you can declare expenses. What sets cash and accrual accounting approaches apart? Additionally, what does “accrual” denote when it comes to accounting? What Is Cash Basis Accounting?

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Cash vs. Accrual Accounting

inDinero Accounting

When it comes to cash vs. accrual accounting, any financial advisor will tell you that accrual is the way to go. Second, it will change when you owe taxes on income or when you can declare expenses. In this blog post, we hack through the weeds to give you the information you need to know as a business owner.

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12 Biggest Tax Write Offs for LLC Small Businesses! (Avoid Overpaying Taxes)

LyfeAccounting

What if we told you that every year LLC owners overpay on their taxes. Office Expenses and Technology. Typical office expenses include furniture, laptops, power strips, filing cabinets, printers, folders, and more. Some fail to tax plan but most simply miss out on the biggest tax write offs for LLC businesses. That’s right!

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ARE ALL ACCOUNTING SERVICES THE SAME?

Basis 365

One of the most significant challenges we hear from prospective customers is understanding what we deliver to them and comparing that to other accounting options they have discovered. We've created a helpful chart to understand the pros and cons of the options as we see them. ARE ALL ACCOUNTING SERVICES THE SAME?