by cdaaccounting | Jun 2, 2022 | Business
Intangible assets are assets that cannot be physically touched. They must still meet the three-part test in order to be listed on the balance sheet as an asset, however, they do not have any tangible characteristics. Do you know what intangible assets you have at your...
by cdaaccounting | Jun 2, 2022 | Business
This expense appears on the income statement and is increased by the amount of the receivable that will not be collected (debt owed to your CDA business that will not be paid). When this expense is created, a contra-asset to accounts receivable is also created called...
by cdaaccounting | Jun 2, 2022 | Business
Tax law allows the most common accounting methods for computing your Coeur d’Alene business’s taxable income. Scenario Let’s say you completed a job for a client in December and billed them in December. However, the client did not pay until January. Should you...
by cdaaccounting | Jun 1, 2022 | Business
One of the rules that the securities exchange commission SEC has issued is that the financial statements of public companies must be examined by an independent public accountant through the process of an audit. This rule means that a Coeur d’Alene accountant,...
by cdaaccounting | Jun 1, 2022 | Business
Tax law refers to your individual net income as “adjusted gross income (AGI).” If you operate your Coeur d’Alene business as an S corporation, your AGI includes your net gain or loss from your S corporation. If you operate your Coeur d’Alene business as a...
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