Beginning January 1, 2011, if you are a paid tax preparer you must use a valid Preparer Tax Identification Number (PTIN) on returns you prepare. If you do not have a PTIN, you must get one by using the new IRS sign-up system. Even if you have a PTIN but you received it prior to […]
Category Archives: Bookkeeping
Faculty of Science What is ‘normal’?
That mood disorders are common and largely treatable makes them more acceptable; to suffer them is painful but not strange. Those who manifest frank paranoia will insist on their normality; anyone would be vigilant in the face of plots directed at them. Anorexics and alcoholics may profess certainty that they’re fine; the degree of “denial” […]
Faculty of Science What is ‘normal’?
That mood disorders are common and largely treatable makes them more acceptable; to suffer them is painful but not strange. Those who manifest frank paranoia will insist on their normality; anyone would be vigilant in the face of plots directed at them. Anorexics and alcoholics may profess certainty that they’re fine; the degree of “denial” […]
Net Realizable Value NRV Formula Example
Accounting approaches that incorporate the takeaways net realizable value offer yield a conservative yet proactive stance in asset and inventory management. According to the notion of lesser cost or net realizable value, inventory should be recorded at the lower of its cost or the price at which it can be sold. The estimated selling price […]