Bookkeeping

June 10, 2021

Accounting Trucking Software: Streamlining Financial Management for Transport Businesses

Or use connector apps like Zapier to integrate hundreds of other apps and add information like your IFTA fuel tax reporting. It can provide key insights […]
June 4, 2021

Depreciation Tax Shield Formula + Calculator

A depreciation tax shield is a tax reduction technique under which depreciation expense is subtracted from taxable income. The amount by which depreciation shields the taxpayer […]
June 3, 2021

Depreciation: Definition and Types, With Calculation Examples

With a book value of $73,000 at this point (one does not go back and “correct” the depreciation applied so far when changing assumptions), there is […]
May 4, 2021

Accounting conservatism definition

International Financial Reporting Standards (IFRS’s) and Generally Accepted Accounting Principles (GAAPs) are two broadly used accounting frameworks. Both incorporate the concept of prudence into many standards […]