ASC 420-10: Accounting for Exit or Disposal Activities
Learn the core principles of ASC 420-10 for correctly timing and measuring the financial liabilities of business restructuring and disposal events.
Financial Planning and Analysis
Tax Implications of Owning Property in Mexico
Understand the tax framework for foreign property owners in Mexico, including how local obligations interact with your home country’s tax requirements.
SSAP 72: Issuer and Holder Accounting for Surplus Notes
Explore the statutory accounting framework of SSAP 72 for surplus notes, detailing the distinct treatments for issuers and holders of these hybrid instruments.
If a Company Goes Bankrupt, What Happens to Your 401k?
When a company files for bankruptcy, your 401(k) is legally separate from its assets. Learn how this key distinction protects your retirement savings.
Lessor Accounting for a Lease Termination
Explore the critical accounting adjustments for lessors when a lease terminates, focusing on the derecognition of balances and financial statement impact.
Qualified Small Business Stock & The Section 1202 Rules
Explore the tax incentives of Section 1202, detailing the criteria that align shareholder actions and corporate structure for a capital gains exclusion.
Does Vermont Tax Social Security Benefits?
Learn if your Social Security benefits are taxable in Vermont. Our guide explains the state’s income-based exemption rules and how to determine your tax liability.
Inventory Write Off: Reasons, Recording, and Tax Rules
Explore the accounting and tax implications of an inventory write-off to ensure accurate financial reporting and proper asset valuation.
How to Find the Tax ID Number for a Property
Your property’s tax ID is accessible through several official channels. Learn how to locate this unique identifier using existing documents or public records.
GAAP Accounting for Credit Card Rewards Received
Since GAAP lacks specific guidance for credit card rewards, businesses must create a defensible policy. Learn how to consistently account for and report this value.
Section 11 of Pub. 15: Rules for Depositing Taxes
Navigate the complexities of federal employment tax deposits. Understand how to determine payment timing and meet IRS requirements to ensure full compliance.
What Does B&O Tax Mean and How Is It Calculated?
Explore the B&O tax, a gross receipts levy based on business activity rather than profit. Learn how its unique structure and rates impact your obligations.
ASC 830: Accounting for Foreign Currency Matters
Understand the core principles of ASC 830. This guide clarifies how initial determinations for foreign currency drive financial statement presentation.
Lease Impairment: What It Is and How to Account for It
Understand the accounting principles for lease impairment. This guide explains how to assess a right-of-use asset’s value and record any necessary adjustments.
What Meeting Expenses Are Tax Deductible?
Learn the fundamental principles that distinguish a regular business meeting from a tax-deductible one, ensuring you can properly justify and claim costs.
Section 48E: Clean Electricity Investment Tax Credit
Delve into the financial mechanics of the Section 48E tax credit and how project choices regarding labor, sourcing, and siting define its total value.
ASC 360-10-35: Accounting for Asset Impairment
Understand the principles of ASC 360-10-35 for aligning a long-lived asset’s book value with its recoverable economic benefit and reporting requirements.
How to Transfer Assets From One Company to Another
Understand the strategic, legal, and tax requirements for transferring assets between companies to ensure a properly structured and compliant transaction.
What Happens When You Go Up a Tax Bracket?
Entering a higher tax bracket doesn’t mean you pay that rate on all your income. Learn how the U.S. marginal tax system actually calculates your total tax.
Is a W-9 a Tax Exempt Form? Explaining Its True Purpose
A Form W-9’s purpose is often misunderstood. It provides your TIN for tax reporting and its exemption status refers to backup withholding, not income tax.