Accounting Seed

DECEMBER 5, 2022

Read on: Top 7 Issues Accountants Face Today Small Business Accounting Tips Startup Accounting Tips: Scaling a Growing Startup Accounting Software for Accountants: What to Look For DCAA Compliant Accounting Software: What to Look For What are the International Accounting Standards (IAS)?

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Accounting Seed

JULY 21, 2022

Target maximum revenue, growth, and profit with this in-depth startup accounting guide. Like many startup owners, you may have more passion for sales than for bookkeeping, but managing the money is essential to success. For example, were you too optimistic about sales revenue? Read on: Top 7 Issues Accountants Face Today.

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inDinero Accounting

JUNE 24, 2021

Freshbooks outlines the three formulas used to calculate net income on a multi-step income statement : The multi-step income statement uses three different accounting formulas to arrive at the net income: 1. GROSS PROFIT = NET SALES – COST OF GOODS SOLD. The cost of goods sold gets subtracted from net sales, resulting in gross profit.

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Going Concern

AUGUST 25, 2023

News US Accounting Board Looks Across the Ocean to Fill Hole in Rules [ Bloomberg Tax ] The flood of government aid that helped keep companies afloat during the coronavirus pandemic exposed a hole in US accounting rules: Businesses have no way to record the grants, loans, and tax breaks that bolstered their bottom lines.

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DMCL

APRIL 11, 2022

Effective for sales on or after January 1, 2023. Taxation of residential assignment sales. The new budget makes all residential assignment sales subject to GST/HST. An exception for certain sales transactions entered into before April 7, 2022 and closed before the end of 2022. Addressing climate change.

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Accounting Seed

JANUARY 7, 2025

Read on: Your Guide to Accounting Efficiency Top 7 Issues Accountants Face Today Small Business Accounting Tips Startup Accounting Tips: Scaling a Growing Startup Accounting Software for Accountants: What to Look For DCAA Compliant Accounting Software: What to Look For What are the International Accounting Standards (IAS)?

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Going Concern

OCTOBER 25, 2024

According to the audit report, Butler County voters had previously enacted a one-half cent sales tax with a provision to reduce property taxes by 50 percent of sales taxes collected but, when calculating the reduction, the County Clerk did not account for the difference between estimated and actual sales taxes collected for the preceding year.

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