Material Accounting
ASC 842 Transition Guide
  • Topics
    • ARO Accounting
    • Auditing
    • Government Accounting
    • Intangible Assets
    • Investment Accounting
    • Lease Accounting
  • About
  • Accounting Terms
  • Free Accounting Tools
SUBSCRIBE
Considering Starting a Restaurant? Here’s What You Need to Know

Considering Starting a Restaurant? Here’s What You Need to Know

by Anders CPA | May 10, 2022 | Articles, Depreciation, Fixed Asset Accounting, PP&E (Property, Plant, & Equipment)

Whether you’re a new owner or considering a second location, expanding within the foodservice industry is an exciting decision, but it also comes with several items to navigate. Below are a few first steps any restaurant owner should think about before opening their...
Rental Property Income Tax: Why Active or Material Participation Matters

Rental Property Income Tax: Why Active or Material Participation Matters

by Anders CPA | Apr 26, 2022 | Articles, Expense Accounting, Income Taxes, Industry Accounting, Real Estate

Owning rental real estate can be a great supplemental source of income in addition to a normal day job. What is most commonly misunderstood about this type of investment is how an individual can treat the income and or losses for tax purposes. Determining your level...
Tax on Tipping: How Restaurants and Bars Should Report Employee Tips

Tax on Tipping: How Restaurants and Bars Should Report Employee Tips

by Anders CPA | Feb 28, 2022 | Articles, Expense Accounting, Income Taxes

In most restaurants and bars, employees have the potential to earn a majority of their wages in tips. To make sure this tipped income is reported for tax purposes, certain food and beverage establishments are required to file Form 8027 at tax time. Below we dig into...
Recent Auditor Report Changes – What Do They Mean For Not-for-Profits?

Recent Auditor Report Changes – What Do They Mean For Not-for-Profits?

by Anders CPA | Jan 18, 2022 | Articles, Auditing, Going Concern

As a follow-up to our recent Not-for-Profit Symposium, we’re looking at the new auditor’s report changes and why these matter for not-for-profits. To synchronize and better align with international reporting standards, the AICPA Auditing Standards Board (ASB) issued...
How Proposed Changes to 1031 Exchanges Could Impact Real Estate Investors

How Proposed Changes to 1031 Exchanges Could Impact Real Estate Investors

by Anders CPA | Sep 7, 2021 | Articles, Industry Accounting, Real Estate

When buying and selling properties, a 1031 exchange is a commonly used tax strategy for real estate investors. A 1031 exchange, also known as a “like-kind exchange” allows investors to roll the profits of real estate transactions into future property purchases while...
« Older Entries

Categories

  • ARO Accounting
    • ASC 410
  • Auditing
  • Lease Accounting
    • ASC 842
    • IFRS 16
    • GASB 87
  • Intangible Assets
    • GASB 96
    • Goodwill Accounting
    • Internal-Use Software and IT Subscriptions
  • Investment Accounting
    • Debt Securities
    • Equity Method
    • Equity Securities

Sign up for our newsletter to keep up to date with the latest accounting news and resources

* indicates required

Your information will be treated in accordance with our privacy statement.

Material Accounting

Topics

  • Auditing
  • Intangible Assets
  • Investment Accounting
  • Lease Accounting

ABOUT

  • Home
  • About
  • Free Accounting Tools
  • Terms and Conditions
  • Privacy Statement
* indicates required

Your information will be treated in accordance with our privacy statement.

  • Trending