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Articles tagged: Accounting, Auditing, Taxation

‘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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‘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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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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‘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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‘Know Thy Numbers’ Installment #5: Understanding Accounts Receivable

Improve your accounts receivable collections and increase your cash flow using these helpful calculations.

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IRC Tax Section 280E Update and Potential Tax “Loophole” for Cannabis Companies

Cannabis companies have felt the weight of IRC tax section 280E for a long time, but changes to the tax code may allow them to deduct from taxable income.

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What is a Corporation? Formation, Management and Taxation

Corporations were once a more prevalent business structure. What are the advantages of corporation formation, management and taxation in 2020?

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That’s SOC, Not SOX: SOC Reports Audit the Safety of Company Data

An SOC report tells business owners, buyers and fiduciary directors if their data is being safely managed by a service organization. Should you request one?

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Will an Unapologetic Tax Hike Affect Your 401(k) or IRA Beneficiaries?

You worked a lifetime to grow your retirement fund. Now, pending bills in DC may speed taxes on retirement benefits and impact 401k and IRA beneficiaries.

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Business Valuation Tax Act of 2017: Comparability and Calculation

The Business Valuation Tax Act of 2017 changed the financial and regulatory landscape and the valuation of C-corporations. 

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