Email exported financial your small business tax preparation checklist for 2021 statements and reports to your accountant directly from Wave. Or even better, with our Pro Plan, safely hand off your books to your accountant by adding them as a limited user. Since Wave uses accountant-approved, real double entry accounting, your accountant will have all …
In 1997, Gary Kasparov, reigning world chess champion and grand master, was defeated by IBM’s Deep Blue AI computer program, a huge step for AI researchers. Listen to AI-expert Toby Walsh discuss the pros and cons of AI in his interview at Britannica. In turn though, it makes it very difficult to incorporate areas such as ethics and …
15 Pros and Cons of Artificial Intelligence You Should Know Leer más »
Because in practice, things can and do go sideways for companies, making a standard like ASC 250 an absolute necessity. I want to highlight a key point here… “an entity develops an accounting estimate to achieve the objective set out by the policy.” Luna’s policy (FVPL) is achieved by the use of an estimate (the …
The Scoop on ASC 250: Accounting Changes, Restatements, Errors, and More Leer más »
With fewer shareholders, it becomes harder for buyers to acquire the amount of stock necessary to hold a majority ownership position. This risk of being crowded out by new shareholders is known as equity dilution risk, and investors have developed several techniques for managing it. In this article, we will focus on one popular example, …
The CRA accepts that a statutory or contractual holdback that has been billed by a contractor is not actually receivable until such time as the holdback conditions The Significance of Construction Bookkeeping for Streamlining Projects have been released. Special income tax and GST/HST rules may apply to holdbacks, as discussed below. Step 1 – Based …
The distinct components of FICA, namely Social Security and Medicare, each have specific rates and caps that determine the amount of tax levied. As such, FICA represents a critical element of the United States’ approach to social welfare, providing foundational financial security and healthcare benefits that many Americans rely on. The EITC rates and thresholds …
We’re still a growing firm, so we know the growing pains of small and medium-sized businesses in Boulder, Co. As you build your name from the ground up, you’ll have our assistance every step of the way. In my free time I enjoy composing music, walking, hiking, practicing yoga, and reading non-fiction. I am a …
Professional Boulder Bookkeeping Services Powder Bookkeeping Leer más »
This is the first course in a series of four that will give you the skills needed to start your career in bookkeeping. If you have a passion for helping clients solve problems, this course is for you. In this course, you will be introduced to the role of a bookkeeper and learn what bookkeeping …
A Guide to Bookkeeping: Skills, Salaries, and Careers Leer más »
Consequently, it maintains an organized record of cash outflows, enabling the accounts department to monitor these financial transactions effectively. The main benefit of using a cash payment journal is that it provides businesses with a record of all cash payments made. Additionally, the journal can be used to generate reports on spending, which can be …
