Despite macroeconomic headwinds and instability, in 2022, UK businesses were still leading in Europe for new business deals and exits. The specific tax treatment of financing arrangements can depend on various factors, including the jurisdiction and the terms of the…
However, the need for determining goodwill often arises when one company buys another firm, a subsidiary of another firm, or some intangible aspect of that firm’s business. The carrying value includes all assets and liabilities assigned to that unit, critically…
You may find owner’s draws more convenient for adding flexibility to your personal cash flow, but you may be anxious about how unfamiliar they feel. It’s best to create a new equity account for your owner’s draws. Depending on the…
Forecastio makes this easier by connecting directly with HubSpot, applying AI to reach up to 95% forecast accuracy, and turning your chosen methods of sales forecast into numbers you can actually trust. That way, instead of just running models, sales…
After the lock-in letter takes effect, you must disregard any Form W-4 that results in less tax withheld, until the IRS notifies you otherwise. However, you MUST honor any Form W-4 that results in more income tax withheld than at the…
Always include a description (e.g. “Return of goods, Invoice #12345”) so it’s clear why the receivable was reduced. This ensures the receivable is lowered and your net sales are adjusted for the return. The AR balance for that customer returns…
A business that fails to implement reliable accounting practices risks inaccurate invoices, inefficient payment distribution, or misrepresentation of earnings. AZ Accounting Firm specializes in presenting these same principles to the lawyers and law firms for which we work. Our legal…
Res ipsa loquitur, a Latin phrase meaning “the thing speaks for itself,” is a legal doctrine that… Both suppliers and buyers must have confidence in each other’s ability to fulfill their obligations. Buyers, on the other hand, may benefit from…
