FRS 102: The UK Financial Reporting Standard
Explore FRS 102, the UK’s core financial reporting standard. Understand its effect on key accounting treatments and the required format of financial statements.
Investment and Financial Markets
What Happens If You Don’t File All Your W-2s?
Unreported wage income is automatically detected by the IRS. Understand the financial implications and the procedural steps to correct your tax return.
What Is the Opportunity Zone Expiration Timeline?
Effectively manage your Opportunity Zone investment by understanding its lifecycle, from the conclusion of tax deferral to maximizing the final tax-free exit.
What Is PCAOB Auditing Standard AS 1297?
Understand how PCAOB AS 1297 enhances audit transparency by requiring public disclosure of the specific engagement partners and firms behind a public company audit.
Is the Restaurant Revitalization Fund Taxable?
The tax treatment of your RRF grant involves specific federal and state rules that affect both your business income and qualifying expense deductions.
Retirement Plan Alternatives to a 401k
Find the right retirement savings strategy for your unique situation. This guide explores accounts for individuals, freelancers, and high-earners without a 401k.
ASC 810: Consolidation and Variable Interest Entities
Learn the principles for defining a reporting entity through consolidation, from assessing control via voting rights to more complex economic-based analyses.
Who Uses LIFO and Why Do They Use It?
Learn why the LIFO inventory method is a strategic accounting choice, driven by tax implications and shaped by specific U.S. and global regulations.
What Is the Section 38 General Business Credit?
Discover how Section 38 consolidates numerous business tax credits, applying a uniform calculation to limit and carry over credits against tax liability.
Filing Form 8946 for a PTIN Application
Properly claim your Social Security tax exemption under an international agreement. Learn how Form 8946 integrates with your annual U.S. tax return.
What Is Net Credit Loss and How Is It Calculated?
Learn the methodology for estimating future losses from credit and how this key financial metric influences a company’s reported earnings and assets.
What Is the Advanced Manufacturing Investment Credit?
Understand the financial and compliance considerations for the 25% tax credit available for semiconductor manufacturing facility investments.
Can a Revocable Trust Use a Social Security Number?
Discover how a revocable trust is identified for tax reporting. Learn why its tax ID requirements change depending on the circumstances of its creator.
What Are the Different Types of Franchise Fees?
Understand the complete financial structure of a franchise agreement. This guide details the various payments required to fully evaluate a potential investment.
Tax Treatment of Sales of Business Property
The gain from selling business property isn’t taxed uniformly. Understand how asset classification and prior depreciation determine your final tax outcome.
Can You Cash Out Your 401k If You Get Fired?
Accessing your 401k after being fired involves more than just requesting a check. Understand the lasting financial impact before making a move with your savings.
Is Workers Compensation Taxable According to the IRS?
Learn how the IRS treats workers’ compensation. While most benefits are not taxable, specific circumstances and interactions with other benefits can affect your tax return.
Claiming the Section 41 R&D Tax Credit
Understand the framework for the Section 41 tax credit to effectively translate your company’s research and development work into a valuable tax benefit.
What Happens When Taking Money Out of an RRSP?
Accessing your RRSP funds involves distinct rules and financial outcomes depending on your goals. Learn the process for planned and unplanned withdrawals.
Does My Child Need to File a Tax Return?
Learn the IRS rules that determine if a dependent must file a tax return and how different types of income, like wages or investments, are handled.