Withum

OCTOBER 11, 2023

The Internal Revenue Service (“IRS”) released Notice 2023-63 , on September 8, 2023, providing guidance surrounding the requirement to capitalize Section 174 research and experimental (“R&E”) expenditures for the 2022 taxable year.While many tax accountants and business professionals welcome the additional guidance, the timing was not ideal.

income tax 80

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Basis 365

NOVEMBER 30, 2022

What is YEAR-END ACCOUNTING? Before we get into the details of year-end financial accounting, let's first define what year-end is and why it is essential for your company. Year-end accounting involves a series of steps that are performed to ensure that financial transactions are accurate and up-to-date.

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LyfeAccounting

NOVEMBER 13, 2020

At LYFE Accounting, we’ve helped companies with their bookkeeping and accounting processes. We’ve helped companies with preparing their financial statements. And we’ve helped companies save a lot of money with tax preparations. So if you’re in a business, then understanding your financials are really important.

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ThomsonReuters

MAY 19, 2021

So will you apply modification accounting for lease concessions that won’t reasonably affect the entire lease term? The post How should I account for lease modifications under ASC 842? appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

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inDinero Tax Tips

APRIL 20, 2021

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. The Delaware Division of Corporations offers electronic (in-person is suspended during the COVID-19 emergency) submission of business entity documents between the hours of 7:45 a.m. Delaware does tax companies.

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Withum

SEPTEMBER 6, 2022

Companies are faced with a variety of complex financial accounting and reporting challenges. High risk and complex areas such as Revenue accounting, Capitalized Software Costs and Stock Based compensation require the skill and attention which a company may not have available internally. Contact Us. Let’s Chat.

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inDinero Accounting

APRIL 9, 2021

When you use cash accounting, you can misrepresent revenues (not record deposits) and expenses (show payments after they happened), leading to risky financial practices. We can’t close on accrual accounting without mentioning its effect on SaaS business taxes. Protip: Do not confuse GAAP for an accounting method.

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inDinero Accounting

JANUARY 9, 2023

With teams in different jurisdictions, there will be different tax and labor laws you will need to follow. Accounting management gets messy as your team and clientele spread across the country or globe. Filing Taxes If you’ve been in business for any amount of time as a startup, you know that you don’t start out profitable.

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inDinero Accounting

JANUARY 9, 2023

With teams in different jurisdictions, there will be different tax and labor laws you will need to follow. Accounting management gets messy as your team and clientele spread across the country or globe. Filing Taxes. If you’ve been in business for any amount of time as a startup, you know that you don’t start out profitable.

Account 52

Account accountant accounted accrual accounting 52

Going Concern

DECEMBER 2, 2022

FASB takes step toward clarifying lease accounting [ CFO Dive ]. The Financial Accounting Standards Board (FASB) is moving to take another crack at a relatively narrow piece of its existing lease accounting guidance — issuing a proposed update to standards this week and seeking comments from stakeholders by Jan.

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