Tags » Accounting

“Big Four” Audit Oligopoly Strikes Back at Plans to Break it Up, by Don Quijones

Four giant firms control most of the world’s accounting market. From Don Quijones at wolfstreet.com:

After a series of sudden corporate collapses, audit firms face a crisis in the UK. 322 more words


Ask The Taxgirl: Can You Save Taxes By Treating Your Home As A Rental?

Kelly Phillips ErbForbes Staff

Jul 14, 2018,7:18 pm• 4656 views•#TaxTime

Taxpayer asks:

Dear Taxgirl,

My husband was told that if he reclassified our home to a rental property and rents it to me then we could avoid the $10K tax cap as the real estate taxes, mortgage interest, and other related expenses would fall under Schedule E. 1,291 more words


Congress Considers Bill To Make Gym Memberships, Fitness Classes Tax Deductible

Kelly Phillips ErbForbes Staff

Jul 14, 2018, 01:49pm 7,963 views #TaxTime


Headed to the gym this summer? You may soon be able to claim a tax benefit for the trip. 759 more words


SSA 260 – Communication with Those Charged with Governance

SSA 260 – Communication with Those Charged with Governance

This SSA 260 concerns auditor’s responsibility to communicate with those charged with governance (CWG) in an audit of Financial Statements. 194 more words

Non Fiction

Accounting Multiple Choice Question - 15 July 2018

Wood Elf Ltd has provided a list of its assets and liabilities as at 31 December 2017 as follows:

  • Long-Term Assets £1.8M
  • Inventory £2.7M
  • Accounts Receivables £1.5M…
  • 87 more words