Content Reporting Requirements for Annual Financial Reports of State Agencies and Universities Time banks IAS 28 — Investments in Associates and Joint Ventures ( Moneyless systems having a technological component Foreign currency non-monetary assets continue to be reported at their historical/transaction cost even on the balance sheet date. Monetary assets are liquid assets and are […]
Content How Long Should You Keep Business Asset Records? How to keep your tax records Find a local office Online help Property records can be forever But in the real world, it’s important to hold on to tax documents for at least a few years, and maybe longer. First, why do you have to keep[…..]
Content Other Depreciation Issues How to calculate salvage value? IRS Asset Depreciation Guidelines Modified Accelerated Cost Recovery System (MACRS) Method How is after-tax salvage value for equipment calculated? General-purpose structures and most real property, other than single-purpose livestock or horticultural structures, will not qualify for a Section 179 deduction. In the long run, no additional[…..]
Content Prerequisites and Requirements Patterson Tax Firm LLC Assistance with Financial Statements Frequently Asked Questions: Providers Existing Company If you’re currently using other accounting software and you want to make the switch to Quickbooks, Call us today. Accountants are financial professionals who have received an accounting degree from a four-year university or college. Case in[…..]
