References in this title to the “purchase” or “sale” of a security-based swap agreement shall be deemed to mean the execution, termination , assignment, exchange, or similar transfer or conveyance of, or extinguishing of rights or obligations under, a security-based swap agreement (as defined in section 3 of the Securities Exchange Act of 1934), as the context may require. Section 5 and Section 12 allow purchasers to sue sellers for offering or selling a non-exempt secur […]
A convertible bond is a debt instrument that has an embedded option that allows investors to convert the bonds into shares of the company’s common stock. At its most basic, the convertible is priced as the sum of the straight bond and the value of the embedded option to convert. Calculating the value of a coupon bond factors in the annual or semi-annual coupon payment and the par value of the bond.
Let’s use the following formula to compute the present value of the maturity amount […]
Also, because the cash basis doesn’t match revenues to expenses, timing differences can make it seem as though your business has sporadic revenues or isn’t financially viable in certain periods. Likewise, say you order $200 of office supplies on credit in December of 2021, but don’t pay the accompanying invoice until January 2022.
Because of 1986 regulation, in general, construction businesses do not use the cash method of accounting. Some construction businesses use the cash […]
Loans are offered in amounts of $250, $500, $750, $1,250 or $3,500. Approval and loan amount based on expected refund amount, eligibility criteria, and underwriting. If approved, funds will be loaded on a prepaid card and the loan amount will be deducted from your tax refund, reducing the amount paid directly to you. Tax returns may be e-filed without applying for this loan. Fees for other optional products or product features may apply. Limited time offer at participating locations. Learn more […]
To get the maximum deductions for your business vehicle, you must maintain a written log of business miles. You must also jot down your odometer reading at the beginning and end of each year so you’ll know your total miles. Spend less time worrying about taxes, and let Taxfyle take care of the details, so you don’t have to. You can estimate the amount you need to pay using the worksheet on page 8 of Form 1040-ES or get help calculating your estimated payments (more…) […]
If this is your business, feel free to claim this listing and update your profile information to bring the profile to live status. According to SBA, the estimated annual cost of compliance with the federal tax code for businesses is more than $102 billion nationwide. Business.gov provides compliance searches to locate specific tax forms and other compliance-related documents to reduce this cost, the agency said. Whether a taxpayer has a simple straight-forward tax return or one that’s a l […]
The EOQ helps companies minimize the cost of ordering and holding inventory. As explained by the economic concept known as economies of scale, the cost per unit of ordering a product falls, the larger the total quantity of the order. However, the larger the total quantity of an order, the higher the cost to hold and carry your inventory. The EOQ is a company’s optimal order quantity that minimizes its total costs related to (more…) […]
Thus, a certified cheque cannot “bounce”, and its liquidity is similar to cash, absent failure of the bank. The bank indicates this fact by making a notation on the face of the cheque . In Australia, following global trends, the use of cheques continues to decline. In 1994 the value of daily cheque transactions was A$25 billion; by 2004 this had dropped to only A$5 billion, and by 2018 this had dropped to only A$1 billion, with almost half of this for B2B transactions. While we stri […]
I think you might go back to software dev. Wherever you get a job, talk to the managers in the areas you’re interested in moving to, and let them know your interest. In the meantime, you will be meeting new people and gaining good contacts. If you have an opportunity to get into either general audit or IT audit, choose the job based on whether you are more comfortable with accounting or IT. If you only get one option, take whatever comes up.
To ask other readers questions aboutAuditing f […]
So the recorded video option is a possibility, but I think there would have to be some really tight controls over that, and the evidence on authenticity would have to be pretty substantial. I think the more challenging situation, and one that I’d probably personally be more skeptical about, is if the auditor wants to use a recorded video. But some people have suggested something like that might be appropriate if you’re recording, just to authenticate the time or date that it was tak […]
