How to determine a functional currency in financial reporting
Introduction : With the ever increasing globalization, many companies around the world are expanding their reach to multiple countries. The geographical boundaries are no longer
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A guide to period-end closure of the Accounts Payable
Being accounting professionals, we need to be on top of things when it comes to the period-end closure of the books of accounts. But it is
How to expand Business Registration in the USA
In the USA, states have powers to recognize the incorporation of the business in the case of Intracompany sales. If the sales or the provision
Form W-2 Wage and Corporate tax: What It Is and How to Read It
What is W2? W2 is a form prepared, filed with the IRS and shared to all the employees. The structure of the form. Why does
Debt Modification and Cash Flow
IFRS 9 – Debt Modifications There can be various modifications in the terms of your debt agreements such as change in the maturity dates, change
Are Financial Advisors Ready for Audit Support?
When we are filing the 1040 of any individual, the most common question for any person is about virtual currency. Here I have tried to
The IRS Is Offering Relief to Taxpayers Affected By Hurricane Ian
Recently, a storm hit the area of Florida which caused the loss of lives. IRS (Internal Revenue Service) has recently issued a news release to
How to Save Personal Taxes and Tax Preparation in USA
RRSP(Registered Retirement Saving Plan) herein referred to as a fund can be used as a tool to save personal taxes. Contribution towards fund can be
How can I save taxes through deductions?
Taxpayers in the US can reduce their tax obligations by taking advantage of a variety of deductions. People can use deductions to lower their taxable
What is Invoice Processing Services?
What is Invoice Processing Services? Invoice Processing Service is a special and dedicated service that has a huge impact on the business. Invoice Processing Service
