Category Archives for Bookkeeping

April 5, 20230Bookkeeping

Income Tax Expense: What is It, Calculation, Components, Importance & More Investing com Income Tax Expense: What is It, Calculation, Components, Importance & More

Income tax expenses can be calculated on the earnings they are imposed. These types of expenses are levied on both businesses and individual incomes. For Canadian companies with international operations, additional complexities arise from different…
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January 31, 20220Bookkeeping

Interest and Expense on the Income Statement

Any investors who purchase the bonds at par are required to pay the issuer accrued interest for the time lapsed.While mortgage interest is tax-deductible in the United States, it is not tax-deductible in Canada. Accounting…
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December 3, 20210Bookkeeping

What is the conservatism principle?

These principles, however, permit a variety of alternative practices to co-exist. One could draw valid conclusions from the comparison of data drawn from financial statements of one year with that of the other year. However,…
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February 5, 20210Bookkeeping

5 Home Maintenance Tricks That Will Save You Hundreds of Dollars in Repairs!

This will also give you plenty of time to save for a new vehicle and hopefully avoid paying interest on a car loan. If you focus on the biggest savings first, you should be able…
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January 6, 20210Bookkeeping

Expert Accounting for VC-Funded Startups

A strong accounting partner can help you prepare the necessary financial documents, develop realistic financial projections, and communicate effectively with potential investors. This support can be invaluable in securing funding and building trust with investors.…
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