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A company recognized revenue of approximately 500k in September, but on October 14, the customer disputed an invoice of approximately 45k through the credit card issuing bank. The company has submitted contracts and evidence, and the bank is reviewing. This article explores whether the 45k should remain in September revenue while the dispute is unresolved, and the timing of subsequent adjustments.

Under an intellectual property transfer agreement, a nonresident alien sells the intellectual property of custom software to a C-Corp, with the agreement stipulating that the C-Corp will make a lump-sum payment within 5 years after the software is fully depreciated (3 years). This article analyzes whether the nonresident alien is only subject to individual income tax on the software payment, or whether other taxes may be involved.

A team plans to add a new Financial Planning and Analysis (FP&A) position. The initiator, Stewart, is seeking opinions on whether the new role should report to the Financial Controller or the Chief Financial Officer (CFO). The department currently has nine members.

A client's restaurant/deli operated under restricted conditions in Q3 2020 due to a state-mandated 50% occupancy order. Does this situation constitute a partial suspension of operations, thereby qualifying for the Form 941 Employee Retention Tax Credit? If so, should tip income (where most employees are servers who both report tips and receive wages) be included in qualified wages for the credit calculation? This article provides an analytical framework based on current rules.

A Hong Kong-registered company supplies and installs furniture for Asian investors in UK properties. It purchases and installs furniture from UK suppliers and is charged 20% VAT. The company asks whether, as a Hong Kong entity, it is liable for this tax, whether suppliers can quote at zero rate and reclaim the tax, and whether it needs to register for UK VAT and whether referral fees can be exclusive of tax. Based on UK VAT regulations, this article analyzes the relevant rules for cross-border B2B services, supplies of goods, and referral fees.

This article discusses the profitability comparison between the promotional strategies of "direct price reductions" and "providing equivalent-value gifts," pointing out their different impacts on accounting treatment, consumer perception, and long-term profits, and invites industry professionals to share insights.

This article addresses the issue of equity fund flows between branch offices and the parent company, focusing on how excess cash retained at branch offices should be transferred according to best practices to improve fund utilization efficiency and comply with regulatory and internal control requirements.

A SaaS company practitioner shared their research on economic nexus and software taxability matrices, noting that states define SaaS differently, with some treating it as canned software on tangible media and others as custom software. The article aims to find reliable sources of information for tracking and compliance.

An engineering supplier reported that its upstream supplier issues invoices immediately after completing its own processes, requiring payment within 30 days even if goods arrive at the end of the month, while the supplier's actual collection period from customers is 60 days. After multiple unsuccessful communications, the supplier is confused about responsibility attribution and coping strategies.

A CPA asked whether EO Austin, the nonprofit organization where their supervisor works, needs to undergo a financial audit each year. Based on common U.S. regulations and practices for nonprofits, this article analyzes the differences among audits, reviews, and internal preparation, and points out that determining factors include state law requirements, donor terms, and organizational bylaws.