Financial Poise

Articles tagged: Accounting-Auditing-Taxation

Know Thy Numbers Installment #2 – Accounting Principles in a Nutshell

GAAP rules are accounting principles and concepts that shape how we present financial information. These are the 12 “Commandments” of GAAP accounting.

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Giving money to charity

Using Your Assets for Good: Incorporating Charitable Giving Into Your Financial or Estate Plan

Charitable giving is a rewarding process, but donors should be aware of the tax implications (and benefits) of each philanthropic approach.  

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accounting and finance

‘Know Thy Numbers’ Installment #1 – Welcome to the Jungle, Series Introduction

Don’t leave numbers to the accountant. An introduction to accounting and its basic concepts can equip you to make better business decisions. 

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accrued expenses

‘Know Thy Numbers’ Installment #7 – Accrued Expenses

Accrued expenses aren’t as well-known as accounts receivable, inventory, and accounts payable, but ignore this accounting concept at your peril. 

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Inflation Slows in July, But Can the Inflation Reduction Act Further the Trend?

Inflation data came out this morning for July, and everyone concerned about soaring consumer prices might have breathed a small sigh of relief. CNN reports: Runaway inflation took a breather […]

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qualified business income deduction small business owners

Simplified Qualified Business Income Benefits for Small Businesses

Do you know what the Qualified Business Income Deduction is? As a business owner, you may want to consider what this dedication can do for your company when tax season comes around.

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Low-income Housing

Want to Invest in Opportunity Zones? 5 Reasons to Target Low-Income Housing Tax Credits

Here’s why you should combine your investment in opportunity zone funds with the rich tax benefits of low-income housing tax credits.

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Inventory

‘Know Thy Numbers’ Installment 6: Inventory Accounting

Inventory accounting values a company’s inventory, or saleable products, and analyzes the health of inventory flow.

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Calculating QBI Deductions

How to Know if You Can Claim the Qualified Business Income Deduction On Your Taxes

The QBI deduction allows owners of most pass-through entities to deduct up to 20% of their QBI on their taxes. Are you eligible?

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