IRS examiners usually do their homework before meeting with taxpayers and their professional representatives. This includes…
ediazFebruary 16, 2023
Accounting Standards Codification Topic 842, Leases, requires organizations to report the full magnitude of their…
KSDT MarketingOctober 2, 2022
Under U.S. Generally Accepted Accounting Principles (GAAP), financial statements are normally prepared based on the…
KSDT MarketingAugust 3, 2022
In recent years, accounting rule makers have issued guidance that requires certain items on the…
KSDT MarketingApril 11, 2022
A business may be able to claim a federal income tax deduction for a theft…
KSDT MarketingSeptember 9, 2021
Auditors typically deliver financial statements to calendar-year businesses in the spring. A useful tool that…
KSDT MarketingAugust 11, 2021
Many types of businesses — such as homebuilders and manufacturers — turn raw materials into…
KSDT MarketingJuly 13, 2021
Timing counts in financial reporting. Under the accrual method of accounting, the end of the…
KSDT MarketingJune 28, 2021
Strategic investments — such as expanding a plant, purchasing a major piece of equipment or…
KSDT MarketingMay 24, 2021