The going concern concept assumes that a company will continue its operations in the foreseeable future. It implies that the entity has neither the intention nor the need to liquidate or curtail materially the scale of its operations. In 2007, they also removed the requirement of non-US companies operating within the states to comply with … Ler mais
Multi-employer plans are plans that pool the assets contributed by various entities (not under common control) to provide benefits to employees of those entities. IAS 19 requires consideration of the underlying characteristics to determine whether it should be classified and accounted for as a defined benefit or defined contribution plan. Under US GAAP, multi-employer plans … Ler mais
To calculate the fringe benefit rate, first determine the total cost of all fringe benefits that your hourly employee receives. For hourly employees, fringe benefits include vacation days, retirement pay, unemployment insurance, worker’s compensation insurance, and the employer portion of social security tax. It also includes health insurance, https://quick-bookkeeping.net/ dental insurance, life insurance, and the … Ler mais
In tax years after the recovery period, you must determine if there is any unrecovered basis remaining before you compute the depreciation deduction for that tax year. To make this determination, figure the depreciation for earlier tax years as if your property were used 100% for business or investment purposes, beginning with the first tax … Ler mais