Any corporation that is incorporated in Delaware (regardless of where you conduct business) must file an Annual Franchise Tax Report and pay Franchise Tax for the privilege of incorporating in Delaware. LLC/LP's benefit by only having to pay a depreciation

With regulations, standards, and technology constantly evolving, accountant consultants must stay updated. This necessity for lifelong learning can be challenging but crucial for continued field success. For most, this begins with earning a bachelor's degree in accounting or a

The other important thing to remember about accounting ratios is that they differ between industries. Profitability ratios are used to sift through revenue figures and calculate the company's actual profits. Taken together over a period of time, the ratios provide

Its articles address a range of topics, from regulations to practice management. From career advice to tutorials on accounting software best practices, this blog is a go-to source for accounting tips, tricks, and guidance. With regular updates from the industry’s

Only income statement accounts help us summarize income, so only income statement accounts should go into income summary. Our discussion here begins with journalizing and posting the closing entries (Figure 5.2). These posted entries will then translate into a post-closing