Tax planning is a necessary evil in the modern era. Prior to filing tax returns in April 2016, you must know about the important income tax deductions that will assist you in efficient...
Cash Flow – Making Projections
Cash from line items consists of depreciation schedule, working capital schedule or debt schedule. We must complete depreciation and working capital...
It might seem like a no-brainer to define just exactly what profit and loss are.
But of course these have definitions like everything else.
Profit can be called different things,...
All businesses are required to report sales and income over a taxation year.
Profits = Sales – Expenses
Net Income = Profits – Taxes
Categories included in an income...
Source of income can have significant impact on calculation of foreign tax credit limitation.
Formula for foreign tax credit limitation
= Pre-credit U.S tax x foreign...
For small businesses that are looking to grow to the next level, it can be difficult to find a way to raise the capital to support that growth. However, if you have decided that you...