Tax Accounting

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November 15, 2023 3 min read Definitions

Amortization of Intangibles in Corporate Accounting

Accounting Corporate Finance Taxation Amortization Intangible Assets Accounting Principles Tax Accounting Asset Management

Explore the nuances of amortization of intangibles, how it differs from depreciation, and its impact on corporate accounting and tax calculations.

November 8, 2023 3 min read Definitions

Permanent Differences in Accounting and Tax Reporting

Accounting Finance Tax Planning Permanent Differences Tax Accounting Financial Reporting Taxable Income Non-Deductible Expenses

Learn what permanent differences are in financial reporting and tax accounting, why they occur, and their impact on financial statements and taxable income.

October 4, 2023 3 min read Definitions

Direct Write-Off Method: Your Guide to Accounting Quirks in Bad Debt

Finance Accounting Taxation Direct Write Off Method Bad Debt Accounting Principles Tax Accounting US Taxation Law

Explore the Direct Write-Off Method, a unique approach to handling bad debts in accounting, mainly utilized for tax purposes in the USA. Understand its limitations and applications in financial reporting.

October 4, 2023 2 min read Definitions

Unadjusted Basis: Crucial for Assessing Asset Cost

Finance Real Estate Accounting Unadjusted Basis Asset Valuation Tax Accounting Depreciation Financial Reporting

Explore the concept of unadjusted basis in financial accounting, a vital metric for calculating the original cost of an asset including acquisition-related expenses.

October 4, 2023 3 min read Definitions

Tax Accounting: Understanding Its Principles and Importance

Finance Accounting Taxation Tax Accounting IRS GAAP Financial Statements Tax Compliance

Dive into the world of tax accounting with a detailed look at its definitions, principles, and how it differs from GAAP. Learn about tax accounting for individuals, businesses, and tax-exempt organizations.