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anonymous person
Title: Associate
Company: Accounting Firm
(Associate at Accounting Firm) I am starting in audit soon and I am just wondering the mechanics of an audit in regards to a parent and sub. if a company buys another and they have different auditors, would the auditor of the parent normally take control of the audit of the sub also or would they keep...
Member's Profile
Aleksandra Myja
Title: Junior Financial Controller
Company: Fresenius Kabi SSC Poland
(Junior Financial Controller at Fresenius Kabi SSC Poland) How to book a deferred tax in IFRS and in the local statutory in case of a different result in the books? How can I match one result to another? Thank you in advance
Anonymous Member
Anonymous
(accounts assisstant) I recently started a job as a admin/accounts assistant in a new accounting firm, however as the months have passed they have decided to hire a few more bookkeepers and have me over see the general running of the office instead, as I have been with the business since it...
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Andrew K
Title: Director of Tax and Accounting
Company: Silver Leaf
(Director of Tax and Accounting at Silver Leaf) I had someone approach my firm and ask to help them file past tax returns. This client has not filed since 2008, and it appears he may owe taxes between 2008-2012 (he withdrew early from an IRA to put funds into a dying side business). I've agreed to help him file these...
Anonymous Member
Anonymous
(Tax Exexutive) We are in Hotel business located in India and a tax resident in India. Any service rendered to guests would be performed in India. One of the US company has agreed to hold conference in India with its Indian partners. As per contract they are supposed to make a deposit (as...
Anonymous Member
Anonymous
(Research Analyst) Recently took a financial modeling test as part of an interview process. The test was a three statement financial model in Excel with certain cells left blank which had to be filled in with the proper formulas. One of them was a cell for "Net Receivables" on the balance...
Member's Profile
Greeting, we are in fixed assets verification. we need to choose vendor for it, can anyone advice what shall be technical criteria in order to choose vendor. thanks in advance.
Anonymous Member
Anonymous
(Lead strategist) So I have a few years business and personal of tax filings to catch up on. I just found out that interest paid on business purchases is deductible, even if you use a personal card. May issue is that I have been really bad about using one payment method. Is there a way...
Anonymous Member
Anonymous
(Artist) Hello, I am an artist and own a small business where I am the only employee. I'm looking to purchase a truck or SUV to be used 100% for business. I will use it to deliver paintings, transport my booth and art to the art fairs and take it into the woods to get to areas i...
Anonymous Member
Anonymous
(CFO) My company knows I'm planning on retiring in the near future, and they've indicated they want to go ahead and start looking for my replacement. They would like to find someone who would be willing to work directly under me (essentially shadowing me) for one to two...
Member's Profile
Oluwaseyi Adebowale
Title: Management Accountant
Company: Dastra Nigeria Enterprises
(Management Accountant at Dastra Nigeria Enterprises)
Anonymous Member
Anonymous
(Payroll Manager) We switch payroll vendors and our old vendor reported the New hires to all the States automatically. The new payroll vendor does not have the feature. Whose responsibility is it? HR or Payroll?
Anonymous Member
Anonymous
(Manager) I find out that it is confusing to calculate employees' paid time off expenses on 12/31 and 1/31 of each year. For example: On 12/31/2018, employee A used $100.00 vacation, had $100.00 unused vacation benefit remaining to be carried over to 2019. Employee A also used $50.00...
Member's Profile
Philip Eldred
Title: CEO
Company: Fairpoint Exchange
(CEO at Fairpoint Exchange) The law is clear that CBD (a cannabis derivative) is only federally legal to sell as an ingredient in an FDA approved medication, such as Epidiolex, which is currently the only approved drug containing CBD. Unless CBD is contained in an FDA approved medication it is...
Anonymous Member
Anonymous
(Educator) I was asked to represent a company from abroad to collect balances owing to my own account and then remitting it to the company minus the commission. The company wants someone in N.America to handle their N.American clients. Personally, I don't want to use my own personal...
William Lieberman
Title: Founder & CEO
Company: The CEO's Right Hand
(Founder & CEO at The CEO's Right Hand) I have a client that raised $1MM in convertible notes at a $10MM cap with a 20% discount. They subsequently received their Series A investment of $10MM at a $40MM pre-money valuation at which time the convertibles converted into equity. The question is: what is the journal...
Anonymous Member
Anonymous
(Accountant) We are a General Contractor with Multiple Divisions that perform work on our Construction jobs, such as the Electrical, etc. We treat them as a Profit Center so we can capture their revenue and costs and generate a P&L for their department. We are purchasing waste...
Anonymous Member
Anonymous
(CFO) Hello, I am looking for suggestions on tax software for small businesses.  Specicially, i will be assisting a friend with the tax return for her bar/ restaurant.  The business is set up as an LLC taxed as a partnership with 2 partners - so i will need need the...
Member's Profile
Thomas LYNCH
Title: President
Company: CereTel Inc.
(President at CereTel Inc.) I am not an accountant but I have an accounting degree and am trying to clean up our books after our bookkeeper left. I am pretty familiar with QBO, at least on the day-to-day level. If I receive an invoice on, say May 5, that is for the period April 28 to May 4, and I...
Anonymous Member
Anonymous
(manager) Hello, Currently we are trying out whether Tripactions.com (a corporate travel booking website) is a good option for employees to book travels and also integrate with our HR system (BambooHR) and expense rebimbursement system (Concur)? Greatly appreciate any feedback!