When assets are immediately written-off or depreciated in an accelerated manner, the market value of the asset will bear no resemblance to the value of the asset on the balance sheet of the entity (if it appears at all)....
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Diversifying your client’s locations is another important step in mitigating risks related to their location. Having multiple locations can provide a cushion against unforeseen events such as natural disasters, economic downturns, or changes in consumer behaviour. However, this strategy...
By the time computers started turning up in schools a few years later, I was the annoying kid in class who was showing the teachers how to use them and then sitting bored whilst they taught the other kids...
It’s the final quarter of the financial year, and now, the importance of integrating business valuations and appraisals with strategic tax planning becomes particularly significant. This is a crucial period for accountants who aim to leverage every available tool...
Diversifying your client’s locations is another important step in mitigating risks related to their location. Having multiple locations can provide a cushion against unforeseen events such as natural disasters, economic downturns, or changes in consumer behaviour. However, this strategy...
By the time computers started turning up in schools a few years later, I was the annoying kid in class who was showing the teachers how to use them and then sitting bored whilst they taught the other kids...
It’s the final quarter of the financial year, and now, the importance of integrating business valuations and appraisals with strategic tax planning becomes particularly significant. This is a crucial period for accountants who aim to leverage every available tool...
It might surprise you that the hourly billing system for law firms did not come into frequent use until the 1940s and 1950s. For consulting professionals, it is even more current than that. However, by the mid-1960s, most accounting...
Most of you are likely aware of the idiom “left holding the bag.” My client, in a bankruptcy case in Arizona, was the one left holding the bag. A group of about six men had been conducting a Ponzi...
In a recent Tax Court case,1 the court allowed a charitable deduction that the IRS had disallowed but then imposed a gross valuation misstatement penalty.2 The case dealt with a charitable contribution of a conservation easement that the IRS disallowed. While...