Knowing when is the right time to outsource a CFO is different for each firm. Suppose you are finding yourself asking your bookkeeper or accountant questions that they can’t answer or you are having a hard time understanding the advice of your tax preparer. In… Read More »Accounting for Advertising Agencies Revenue Recognition
A current asset representing the cost of supplies on hand at a point in time. The account is usually listed on the balance sheet after the Inventory account. Things that are resources owned by a company and which have future economic value that can be… Read More »T Accounts Examples in Accounting
When a corporation issues common stock at par value, the amount of cash or non-cash assets received equal to the value of the common stock. This means that the outstanding value of common stock and the asset received are at the same value. In order… Read More »Conversion Premium Formula Example
Only if you wish to enjoy tax and other nonprofit benefits as a registered 501(c)(4) must you apply. However, you must notify the IRS of your intent to run a 501(c)(4) nonprofit using Form 8976, which is more affordable than applying for 501(c)(4) status. A… Read More »Types of Organizations Exempt under Section 501c4 Internal Revenue Service