by Anders CPA | Jul 13, 2021 | Articles, Cost of Sales & Service, Expense Accounting, Income Taxes, Sales
Manufacturing companies that sell equipment to the federal government or government contractors could be eligible for a tremendous tax benefit. The opportunity can help reduce sales/use taxes paid for consumables purchased in support of such government contracts. The...
by Anders CPA | Oct 20, 2020 | Articles, Contractors, Cost of Sales & Service, Expense Accounting, Income Taxes, Industry Accounting, Real Estate, Sales
Whether you’re a real estate broker and independent contractor or a general or sub-contractor working in construction, sales tax for contractors can be complex and difficult to understand. There are many factors that affect taxability, and real estate and construction...
by Anders CPA | Sep 17, 2020 | Articles, ASC 842, Lease Accounting, Revenue Recognition
This article, "How the New Revenue Recognition Treatment Will Affect Not-for-Profits," originally appeared on AndersCPA.com. Summary provided by MaterialAccounting.com: This article explains the impact of the new FASB standards on revenue recognition for non-profit...