Archive for January, 2007
Tax Accounting Definition
January 4th, 2007
Question: Which of the following is not by definition an expense?
a: Salaries paid
b: Accounts Payable
c: Advertising
d: Income Taxes
Answer: b. Accounts payable is a liability. Accounting is dual-entry, which means that it is often matched by an expensed, but by definition it is NOT an expense.
Advertising, salaries and income taxes are expenses. Okay, salaries paid is technically a cash item, not an accrual item, but if we were to choose between one being farther from being an expense – the liability is farther.
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Hedge Funds For Dummies $5.59 If you want to diversify your portfolio and lower your risk exposure with hedge funds, here’s what you should know: Hedge Funds For Dummies explains all the different types of funds, explores the pros and cons of funds as an investment, shows you how to find a good broker, and much more.Authored by Ann Logue, a financial writer and hedge fund specialist, this handy, friendly guide covers all the… |
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Investment Performance Measurement (Frank J. Fabozzi Series) $72.45 Many investment books include a chapter or two on investment performance measurement or focus on a single aspect, but only one book addresses the breadth of the field. Investment Performance Measurement is a comprehensive guide that covers the subjects of performance and risk calculation, attribution, presentation, and interpretation. This information-packed book covers a wide range of related top… |
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PAL rules: definition of activity. (passive activity losses): An article from: The Tax Adviser $5.95 This digital document is an article from The Tax Adviser, published by American Institute of CPA’s on April 1, 1995. The length of the article is 673 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.From the supplier: Fin… |
Mediacom Communications Sends Letter to Senator Kerry Urging Retransmission Consent Reform
Mediacom Communications Corporation (Nasdaq: MCCC) today released a copy of a letter written by …
Stephanopoulos vs. Obama – The definition of “Tax”
Posted in Tax Accounting | 
Tags: &, accounting, and, finance, firm, income tax accounting definition | 
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Canada Income Tax Moving Expenses
January 3rd, 2007
Question: Work at home – need to register with CRA?
I recently moved to Canada, doing work at home – Excel Based financial modeling. Orders are received from abroad (my home country) by e-mail.
My total income is around 19,000 CAD, almost no deductible expenses.I am about to file a tax return for 2007.
Question:
Was I supposed register as Self Employed with CRA before I file, or do I just file Tax Return form for 2007 and state my business address as my home address?If I have to register and do it now, will I be subject to any fines, since I conducted a small business without notifying CRA in advance?
Answer: I like to know about your work at home expericence. I am looking to work at home, and would like to know how to get started if you didn’t mind…..=)
Robbins & Myers Announces First Quarter 2010 Results
RBN today reported diluted net earnings per share (DEPS) of $0.18 for its fiscal first quarter ended November 30, 2009, including approximately $0.02 from one-time benefits. In the prior year first qu…
Best Tax Professional Software
January 1st, 2007
Question: Sold a rental. Hire professional to do taxes or do myself as I have the last 8 yrs with tax software? Advice?
Answer: the only tricky bits are adjusting your basis for depreciation for each year you owned the property (including this year), possible depreciation recapture if you used accelerated depreciation, and the maybe effect of AMT from prior years and/or the current year.
the capital gain bit is straightforward after you have these parts worked out, as is the AMT for this year.
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if you are now green around the gills about the language I just used, you need a paid preparer. make sure the one you choose has experience with the sale of rental real estate and knows the terms I just used.GL
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Microsoft Project Standard 2010 $429.00 MICROSOFT PROJECT 2010 32-BIT/X64 ENGLISH US DVDPROJECT 2010 32-BIT/X64 ENGLISH US DVD Manufacturer : MICROSOFT UPC : 885370147094… |
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NeatReceipts Scanalizer Professional 2.5 Mobile Scanner and Software $165.99 Scanalizer from NeatReceipts is a remarkably easy way to reduce paper clutter. It helps you organize your documents and enables you to select and export data to Excel, Outlook, Quicken, QuickBooks, Money, Word, PDF, CSV, HTML and vCard formats. Ultralight, compact, and USB powered, the Scanalizer is practical for anywhere use. Say goodbye to paper accumulation. Meet the Scanalizer. Everything from… |
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Apple Mac Pro MC560LL/A Desktop (NEWEST VERSION) $2,304.88 3 GB RAM – 1 TB HDD – DVD-Writer – ATI Radeon HD 5770 1 GB Graphics Card – Wi-Fi – Bluetooth – Mac OS X 10.7 Lion – DisplayPort… |
Choose the best monitor for design work
QI am using an old Iiyama CRT monitor but I want to replace it with an LCD flat-panel screen . I have been advised that IPS (In-Phase Switching) type monitors are the best for accurate colour rendering, which is important for my photographic work.
Tax Laugh Story: Software & Submarine Gift Shop
Instant Tax Service Ohio
January 1st, 2007
Today’s Leaders Set Stage for Next Generation of Pacesetters
By JEFF KLINE & RACHEL PLEASANT CHAMBLISS THE LEDGER The year was 1999 and change was in the air. As the 21st century approached, The Ledger asked who would lead Polk County through the coming years. Who would leave their mark? The answer came in the form of 21 professionals.
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