The Basics of Sales Tax Accounting Journal Entries

If you meet the IRS qualifications for not paying capital gains tax on the sale, inform your real estate professional by Feb. 15 following the year of the transaction. A homeowner can make their second home into their principal residence for two years before selling...

18 Best Santa Ana, CA Accountants

It was founded and led by Nina Afshar, who has more than 25 years of experience in the business. Our firm offers a wide range of accounting services including business consulting, payroll processing, audits, bookkeeping, new business advisory, and much more. It...

Prepaid Rent Journal Entry Example

Inflation is an economic concept that refers to increases in the price level of goods over a set period of time. The rise in the price level signifies that the currency in a given economy loses purchasing power (i.e., less can be bought with the same amount of money)....

How to calculate vehicle tax depreciation

In other contexts, residual value is the value of the asset at the end of its life less costs to dispose of the asset. In many cases, salvage value may only reflect the value of the asset at the end of its life unearned revenue without consideration of selling costs....

Present Value Formula Step by Step Calculation of PV

Assuming that the discount rate is 5.0% – the expected rate of return on comparable investments – the $10,000 in five years would be worth $7,835 today. The Present Value (PV) is a measure of how much a future cash flow, or stream of cash flows, is worth as of the...
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