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Hello accountant community, The purpose of this post is to hear from someone who is a on 1099 or a business owner and how he or she is...

I’ve known CPA’s who didn’t know if they needed to debit or credit the cash account to increase it, who didn’t know how to calculate a...

Hello, I have recently completed 2021 budget. As a Finance Process Manager, I will follow up with the broader group to understand how...

Can an LLC make a charitable contribution? Or would it be a contribution from me personally... I'd love to write it off as an expense...

sounds like a charitable contribution to me

I totally agree, and this seems pretty basic to me. The only reason that I asked it at all it is that the question originated from a CPA...

Makes total sense and not going to happen, sadly.

Makes total sense and not going to happen, sadly.

It is March. You will not find this in a FASB statement as it is too basic. If you need a cite refer to an Intermediate Acctg textbook.

Question about the timing of the start of amortization for a leasehold improvement... If we have LHI expenditures in January, but the...

Seasoned accountants will recall the Enron debacle from over 15 years ago. At that time I was pretty "green," but I wrote this letter...

Llc partnership with multiple partners purchased stock of an Scorp. This defaulted into C-corp. What are our options to continue to be...

I have developed this formula for determining original cost of assets of an investment company that uses fair value accounting...

In theory, the company receiving the donation could write a separate letter to each donor stating how much was received and that payment...

Hi @kirby ! Sorry to high-jack this thread...I have a similar question and I thought I'd hop on here. I'm a new business and I want...