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Accounting and financial news
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Timing business income and expenses to your tax advantage

by Associate

Typically, it’s better to defer tax. Here are two timing strategies that can help businesses do this: Defer income to next year. If your business uses the cash method of accounting, you can defer billing for your products or services. Or, if you use the accrual method, you can delay shipping products or delivering services. […]

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Accountants’ Children Likely to be Unimpressed with the New Sage One Mobile App

by Associate

This month, Sage Software, which provides business accounting software solutions under monikers such as Sage One and Sage 50, announced the release of a mobile app designed to accompany its existing Sage One desktop applications. The mobile app will allow Sage One users to issue invoices to clients, review the status of existing invoices and […]

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GBQ’s PCAOB Inspection Reveals No Findings

by Sara Robertson

One of the great things about my job is that I get to brag about GBQ (a lot! #sorrynotsorry). Most of the time it’s about an award or just how great everyone is, but today is different. Today, I am bragging about something a little more serious…a PCAOB report with no findings. Ok, so some […]

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Maximizing depreciation deductions in an uncertain tax environment

by Associate

For assets with a useful life of more than one year, businesses generally must depreciate the cost over a period of years. Special breaks are available in some circumstances, but uncertainty currently surrounds them: Section 179 expensing – This allows you to deduct, rather than depreciate, the cost of purchasing eligible assets. Currently the expensing […]

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