LedgerDocs

JULY 6, 2023

Accurate record keeping can help you to remain organized, compliant and gain insight into the financial position of your business. It also provides your bookkeeper with all of the information they require to effectively manage your finances. But collecting and organizing these documents can be a daunting task.

Collections 97

Collections Bookkeeping Petty cash Purchase Order 97

Intuit

NOVEMBER 20, 2023

That’s what we will discuss in this article. Prepare income taxes: Calculating taxes and identifying deductibles is another critical task of CPAs. CPAs are knowledgeable in tax laws and regulations. They help individuals and businesses navigate the complexities of tax planning and preparation. What is a CPA?

CPA 130

CPA Bookkeeping QuickBooks Tax 130

Accounting Tools

OCTOBER 21, 2023

Corporate fraud can encompass the loss of assets by the business, acts perpetrated by the corporation to take funds from others, or the falsification of its reported results and financial position. The person must hold a sufficiently senior position to be able to browbeat other employees into participating in this diversion of assets.

Financial Statements 75

Financial Statements Expense Reports Tax Payroll 75

Accounting Tools

AUGUST 4, 2023

Management Accounting The management accounting group examines the financial and operational results of a business, looking for opportunities to enhance the results and financial position of the entity. The group can also engage in tax planning, with the intent of deferring or eliminating tax payments.

Accounting 75

Accounting Accounting Financial Statements Auditing 75

Accounting Tools

JUNE 20, 2023

There are several types of accounting that range from auditing to the preparation of tax returns. The career track here is to progress through various audit staff positions to become an audit partner. It is usually a consulting position, since few businesses require the services of a full-time forensic accountant.

Accounting 75

Accounting Accounting Financial Statements CPA 75

Counto

APRIL 4, 2024

Corporate Taxes: The Benefit of Tax-Deductible Donations In the realm of business, giving back to the community isn’t just about altruism—it’s also about strategic financial planning. Tax-deductible donations offer a unique opportunity for businesses to support worthy causes while also benefiting their bottom line.

Corporation Tax 52

Corporation Tax Tax Computation Bookkeeping 52

Nolan Accounting Center

NOVEMBER 15, 2023

In this article, we’ll explain some of the most common financial ratios that you can use to evaluate the health of your business. If the ratio is above 1, the business is in a healthy financial position. Return on Assets : ROA evaluates how efficiently the business is using its assets to generate profits.

Accounts Receivable 101

Accounts Receivable Accounts Receivable Account Receivables Collections 101

Counto

FEBRUARY 7, 2024

From incorporating your entity to managing taxes and annual returns, this comprehensive guide sheds light on the essential steps to ensure compliance and success in your inaugural year. Months 7-12: Taxes and Annual Returns Towards the end of the first year, focus shifts to corporate tax considerations and annual return filings.

Corporation Tax 52

Corporation Tax Payroll Financial Statements Accounts Payable 52

Counto

JUNE 13, 2023

5 Potential Reasons Your Tax Return May Be Flagged By IRAS Filing your business tax return requires careful attention to the tax laws and regulations established by IRAS. Inaccurate Income Reporting One of the primary reasons for a business tax return to be flagged by IRAS is inaccurate income reporting.

Tax 52

Tax Financial Statements Reconciling Corporation Tax 52

Accounting Tools

SEPTEMBER 23, 2023

Related Courses Bankruptcy Tax Guide Essentials of Corporate Bankruptcy What is a Preferential Transfer? A payment is considered to be a preferential transfer when the debtor was insolvent at the time of the payment, and the effect of the payment was to put the recipient in a better position than other creditors who were not paid.

Tax 74

Tax 74

Counto

JANUARY 11, 2024

These statements provide a snapshot of a company’s financial health and include the following components: Balance Sheet : Also known as the statement of financial position, it showcases a company’s equity, assets, and liabilities at a specific point in time. File the company’s annual returns within the stipulated deadline.

Financial Statements 52

Financial Statements AR Corporation Tax Tax 52

Counto

JANUARY 17, 2024

Register for Goods and Services Tax (GST) If your company’s projected or actual annual revenue exceeds S$1 million, register for Goods and Services Tax (GST). GST-registered companies must charge GST on goods and services provided and remit this amount to the tax authorities.

Auditing 52

Auditing Tax Financial Reporting Accounting 52

Accounting Tools

NOVEMBER 7, 2023

Following this line is the amount of sales returns and allowances , which are subtractions from the gross sales figure. The result is a net sales figure, which (as the name implies) is the net of gross sales and sales returns and allowances. It represents the financial outcome of the business before financing and tax issues.

Financial Statements 74

Financial Statements Accruals Tax Accounting Software 74

Accounting Tools

SEPTEMBER 26, 2023

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is Cash Flow After Taxes? Cash flow after taxes is the amount of net cash flow relating to operations that remain after all related income tax effects have been included.

Tax 40

Tax Financial Statements Accounting Accounting 40

Counto

MARCH 26, 2024

Companies disagreeing with the assessed tax figure can submit a Notice of Objection, underscoring the importance of accurate and punctual ECI submissions. Revenue figures disclosed in the company’s tax return (Form C) serve as the basis for ECI calculations. Foreign universities. Did you know?

Tax 52

Tax Corporation Tax Computation Budgeting 52

Accounting Tools

JULY 21, 2023

Related Courses Accounting for Income Taxes What is a Carryback? A carryback is the application of a tax loss to any prior years in which a taxable profit was earned. The concept is used to earn an immediate tax refund from the Internal Revenue Service, thereby recovering taxes paid in prior years.

Tax 40

Tax Accounting Accounting 40

Accounting Tools

OCTOBER 11, 2023

Requires the collection of time worked information from employees , which is then used to produce gross wage information, tax deductions, and other deductions, resulting in net pay to employees. Tax Accounting Tax accounting involves planning to reduce or defer tax payments, as well as filing many types of tax returns.

Accounting 75

Accounting Accounting Record Keeping Purchase Order 75

Outsourced Bookeeping

FEBRUARY 11, 2024

This article explores the future of bookkeeping for CPAs and accountants in a digital era, focusing on technological innovations, client relationships, tax preparation, challenges, and the indispensable human touch in navigating this dynamic landscape.

Outsourced Bookkeeping 59

Outsourced Bookkeeping Bookkeeping Accounting Accounting 59

Accounting Tools

FEBRUARY 15, 2024

Increase the Return on Equity If the company can generate a positive return by using the funds garnered from the sale of bonds, its return on equity will increase. This is not the case when it sells stock, since any dividends paid to shareholders are not tax deductible. These reasons are noted below.

Corporate Finance 40

Corporate Finance Tax Accounting Accounting 40

Counto

FEBRUARY 17, 2024

Net Income = Revenue – All Expenses This metric is pivotal in evaluating business management efficacy and serves as a crucial indicator for investors in discerning a company’s profitability, long-term value, and return on investment. Discover a smarter way to outsource your accounting with confidence.

Accounts Payable 52

Accounts Payable Accounts Payable Payroll Accounts Receivable 52

Accounting Tools

SEPTEMBER 7, 2023

These activities include the preparation of financial statements and tax returns , setting up accounting processes, and analyzing costs. The position is considered to be more advanced than the work conducted by a bookkeeper , and so usually calls for the completion of a four-year undergraduate degree in accounting.

Financial Statements 40

Financial Statements Accounting Accounting CPA 40

Accounting Tools

JUNE 17, 2023

Related Courses Capital Budgeting Financial Analysis What is the Incremental Internal Rate of Return? The incremental internal rate of return is an analysis of the financial return to an investor or entity where there are two competing investment opportunities involving different amounts of investment.

Financial Analysis 40

Financial Analysis Budgeting Tax Accounting 40

Accounting Tools

AUGUST 23, 2023

Prepare property tax returns. Supervises None Related Articles How to Become an Accountant The Difference Between Public and Private Accounting The Different Types of Accountants Types of Accounting Functions Conduct analyses related to fixed assets as requested by management. Bachelor's degree in accounting preferred.

General Ledger 40

General Ledger Accounting Accounting Reconciling 40

Accounting Tools

JUNE 18, 2023

Related Courses Budgeting Financial Analysis Fixed Asset Accounting Depreciation does not directly impact the amount of cash flow generated by a business, but it is tax-deductible , and so will reduce the cash outflows related to income taxes. However, depreciation only exists because it is associated with a fixed asset.

Financial Analysis 40

Financial Analysis Budgeting Tax Accounting 40

Accounting Tools

AUGUST 31, 2023

A positive level of cash flow must be maintained for an entity to remain in business, while positive cash flows are also needed to generate value for investors. In particular, investors want to see positive cash flows even after payments have been made for capital expenditures (which is known as free cash flow ).

Accruals 75

Accruals Financial Statements Accounts Payable Accounts Payable 75

Accounting Tools

AUGUST 5, 2023

This concept is used to evaluate the cost structure of a business, not including the costs of financing and taxes. Conversely, if sales decline, management may be tempted to eliminate some capacity, which will reduce fixed costs and therefore the positive effects of the degree of operating leverage.

Financial Analysis 40

Financial Analysis Financial Statements Tax 40

Accounting Tools

JUNE 7, 2023

It is important, because a company’s investment decisions related to new operations should always result in a return that exceeds its cost of capital – if not, then the company is not generating a return for its investors. The risk-free rate of return is derived from the return on a U.S. government security.

Financial Analysis 40

Financial Analysis Corporate Finance Tax 40

Accounting Tools

JULY 29, 2023

Related Courses Auditing Construction Contractors Construction Accounting Project Accounting The project accountant position is accountable for monitoring the progress of projects, investigating variances, approving expenses, and ensuring that project billings are issued to customers and payments collected.

Accounting 40

Accounting Accounting Billing Collections 40

Accounting Tools

AUGUST 5, 2023

The Calculation of Discounted Cash Flow The steps to be taken to calculate present value under the discounted cash flow method are as follows: Itemize all positive and negative cash flows associated with an investment. This is the after-tax cost of the investor's debt , preferred stock , and common stock.

Financial Analysis 40

Financial Analysis Budgeting Tax Accounting 40

Accounting Tools

MARCH 2, 2024

This information is used to determine the viability of the core operations of a business, since positive cash flow is needed to maintain and grow a firm’s operations over time. It reports net income of $100,000, depreciation of $8,000, and income taxes of $30,000. It does not include any investing or financing activities.

Financial Statements 40

Financial Statements Accounts Payable Accounts Payable Accounts Receivable 40

Less Accounting

JUNE 15, 2023

In this article, we’ll cover everything you need to know about bookkeeping for marketing agencies, from tracking income and expenses to generating financial reports and using financial data to make informed decisions. Key Takeaways Accurate bookkeeping is crucial for the financial health and tax compliance of marketing agencies.

Bookkeeping 52

Bookkeeping Record Keeping Financial Reporting Budgeting 52

Jetpack Workflow

JANUARY 23, 2024

If you’re a new firm owner starting to — or struggling to — grow your tax business, you may wonder what scaling a firm actually looks like in practice. It also enables you to connect with new startups early on before they form a relationship with a tax firm. Do you need to niche down immediately? Growing Beyond The First Few Clients 1.

Tax 59

Tax Accounting Accounting CPA 59

Accounting Tools

JULY 24, 2023

A review of the disclosures that accompany the financial statements to see if the company is using conservative accounting practices or is using “gray area” accounting to fudge its reported results and financial position. Related Articles Expense Ratio Fundamental Analysis Investment Strategies Risk-Return Trade-Off

Financial Statements 40

Financial Statements Tax Accounting Accounting 40

Counto

JANUARY 28, 2024

million monthly visitors, positioning itself as the second-most-visited ecommerce platform in Singapore in terms of monthly clicks. Maintain a clear and fair return and refund policy to resolve issues promptly and satisfy customers. Analyse reasons for returns to improve products and services. Why Sell on Lazada Singapore?

Bookkeeping Services 52

Bookkeeping Services Payroll Budgeting Bookkeeping 52

Counto

FEBRUARY 1, 2024

Pricing Strategy: Develop a competitive pricing strategy by considering product cost, shipping fees, and desired return on investment. Customer Service and Communication: Prioritise top-notch customer service and communication to build trust and positive reviews. Research competitor pricing to ensure your prices are attractive.

Customer Service 52

Customer Service Accounting Accounting Tax 52

Accounting Tools

SEPTEMBER 20, 2023

Taxes payable. This line item contains all taxes for which the company has an obligation to pay the applicable government that have not yet been paid. Examples of the taxes that may be included in this line item are property taxes, sales taxes , use taxes , withheld employee income taxes, and income taxes to be paid by the company.

General Ledger 40

General Ledger Financial Statements Billing Accounts Payable 40

Accounting Tools

SEPTEMBER 4, 2023

When a bank account has a positive balance, which means that the bank is storing money on behalf of a customer, the account has a credit balance. Funds placed in these accounts are tax-advantaged in different ways, depending on the type of IRA that has been set up. Individual retirement account (IRA).

Deposits 40

Deposits Accounting Accounting Tax 40