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Recently, some companies have inquired whether expenses invested in new product development can qualify for the R&D tax credit. Based on existing rules, this article analyzes the relationship between product development costs and the R&D tax credit, and highlights key factors for assessment.
A corporate user inquires about the performance of Mineral Tree in accounts payable automation, given a modest invoice payment volume but a need to optimize the process. The article outlines the context of this inquiry and invites experienced users to share their real-world impressions to aid decision-making.
Under California's 2012 NOL suspension rules, businesses can still accrue losses but cannot deduct them on state tax returns. This restriction has been in effect since 2012, with no clear repeal timeline, requiring ongoing attention to legislative developments.
In calculating standardized EBITDA for bank covenants or valuations, the treatment of foreign exchange gains and losses often sparks controversy. This article uses the example of a U.S. company selling in Mexico and Canada with receivables denominated in local currencies to analyze whether monthly translation gains and losses should be added back to EBITDA, and discusses the opposing views of non-cash expenses versus operating costs.
The supplier sells products directly to the customer, but the order is generated by us, the bill comes to us first, we pay, and then the customer pays us, with no markup. We are required to recognize revenue and simultaneously offset expenses, resulting in zero net sales. Is this practice compliant? This article explores the relevant accounting treatment principles.
Regarding situations where disagreements arise with auditors during the sales tax audit process, a key question is: can the auditor's supervisor take effective measures to change the audit conclusion? This question was raised in a recent webinar, and the related webinar content is now available for on-demand viewing.
Corporate Responsibility Magazine recently released the 2016 Top 10 Best Corporate Citizens in the United States list, based on the Russell 1000 Index. The list has prompted reflections on issues such as the fairness of the selection, customer impact, and the direction of the list.
An ERP functional consultant (without accounting background) raises: In fiscal year 2019, purchased goods had direct costs of $100 and indirect costs of $20, posted to both income statement and balance sheet accounts. If goods remain unsold at year-end, is it compliant to retain the $20 indirect cost on the income statement? This article explains cost recognition principles and recommends transferring indirect costs to inventory-related balance sheet accounts.
The user asks how to handle remaining installment payments and Social Security deductions after their uncle, a W2 employee, passed away. This article explains the relevant processes and possible scenarios.
Given that Salesforce's customized invoicing approach is difficult to scale, the author plans to introduce a new billing/CPQ tool during the Salesforce reimplementation and has had initial contact with Zuora, but feedback is mixed. The author now seeks community input on real-world experiences with Apptus, Track, and Steelbrick regarding cost, functionality, implementation complexity, and customer support.