You’ll want to include a description of each transaction, the date of the transaction, and the revenue received. Proper accounting is the bedrock of financial stability and success in construction. It enables contractors to assess the financial needs inherent in projects, providing a clear picture of revenue, costs, and profitability. Leverage Professional Construction Accounting Software […]

When purchasing a patent, a company records intangible assets do not include it in the Patents account at cost. The firm also debits the Patents account for the cost of the first successful defense of the patent in lawsuits (assuming an outside law firm was hired rather than using internal legal staff). Such a lawsuit […]

Policymakers should consider the unintended consequences, both to public health and public coffers, of the excise taxes and regulatory regimes for cigarettes and other nicotine products. Tax burdens rose across the country as pandemic-era economic changes caused taxable income, activities, and property values to rise faster than net national product. Tax burdens in 2020, 2021, […]