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While mainly students are aware that accountants frequently assist their clients with tax returns and other tax issues, few are aware of the large number of diverse and challenging careers available in the field of taxation. The majority public accounting firms, ranging from the "Big 4" international firms to the sole practitioner generate a significant portion of their fees through tax compliance planning and consulting. With more than 155 million individual tax returns filed in the US every year it isn't surprising that many individuals and most businesses need assistance in dealing with the incredibly complex US and international tax laws. This complexity also provides tremendous tax planning opportunities. Since a tax specialist you will demonstrate individual clients how to reduce their taxes while simultaneously helping them make decisions about buying a house, investing, funding their children's education and planning their retirement. Intended for your business clients careful planning and structuring of business investments and transactions can save millions of dollars in taxes. Actually it is safe to say that very few significant business transactions take place without the careful guidance of a tax specialist.
For earnings management, is impairment of goodwill easier to manipulate than impairment of PPE?
Q. Income taxes payable? Taxes withheld from employees comprise federal income taxes, state income taxes and social security taxes withheld from employees' pay checks. The comp
Selling the rights to the quantity owing by debtors to a finance company for an agreed amount (which is a lesser amount of than the figure at which they are recorded in the account
Explain the term- CASH SHORT AND OVER This account is used to record both a shortage and overage of cash in cash drawer. When change is made during a business day, mistakes can
the spelling of number is different than code
Accounting Standards The flexibilities offered by a choice of accounting treatments distinctly diminish, and even distort the comparability of relevant inform
Q. Effects of bias in terms of accounting? Where there is no correspondence the cause may be (a) bias or (b) lack of completeness. - Effects of bias. Accounting measuremen
Q. What is dividend? One idea of the statement of retained earnings is to connect the income statement and the balance sheet. The statement of retained earnings describes the c
The magnitude of operating leverage for Perkins Corporation is 3.4 when sales are $100,000, if sales increase to $110,000, profits would be expected to increase by what percent?
Q. Define the Product costs? Product costs are costs earns in the acquisition or manufacture of goods. Since you will see in the next section included as product costs for purc
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