Shay CPA

OCTOBER 25, 2023

Under Accounting Standards Update 2017-11 from the Financial Accounting Standards Board (FASB), you don’t necessarily always need to classify financial instruments with down round features as liabilities. Things can get complicated when it comes to recording shares with down round protection on your books.

Tax 52

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CPA Practice

MAY 30, 2023

Starting in 2024, the redesigned CPA exam places a greater emphasis on technology and analytical skills, as well as on tax, accounting, and audit.

CPA 116

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ThomsonReuters

OCTOBER 19, 2023

This presents a unique opportunity for accounting firms and tax accounting professionals to enhance their revenue streams by diversifying their service offerings. This offers an opportunity for accounting professionals to expand the scope of advisory services offered. Who does the Corporate Transparency Act affect?

Non-Profits 111

Non-Profits Tax accounting firms Account 111

CPA Practice

SEPTEMBER 6, 2023

Accountants and professional service firms that manage property tax compliance for clients require solutions that maximize the client service experience and minimize the cost of compliance. BILL balance : BILL balance is a financial account that can be used to hold funds and pay bills within one business day at no additional cost.

Technology 122

Technology accounting and finance Tax CPA 122

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.

accrual accounting 56

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Simple Accounts

MARCH 30, 2022

As you are asked for your words, try to explain accounting in the way you conceived it. . Different types of accounting are: Financial accounting, Cost accounting, Management accounting . A balance sheet is one of the important financial statements of a company. But, pay attention to the question.

Account 52

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ThomsonReuters

APRIL 18, 2023

For private companies, they may have their financial statements audited or reviewed by a CPA. The CPA will judge the information based on how well it complies with accounting standards. What is a financial statement restatement? Complex rules related to investments, acquisitions, tax accounting, and revenue recognition.

financial statements 52

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inDinero Tax Tips

DECEMBER 13, 2020

There’s a process for netting the different types (long-term, short-term, gains and losses) that seems a little tricky at first— talk to a tax accountant to help detangle the process for you. Capital gain rules, briefly sketched in this blog, also apply to personal taxes which include pass-through entities.

Tax 52

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Going Concern

AUGUST 25, 2023

The London-based International Accounting Standards Board issued rules specific to government assistance accounting decades ago. Perhaps US businesses should just follow those well-known rules, the Financial Accounting Standards Board has suggested. As it turns out, it’s not as simple as copying and pasting.

tax preparation 97

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