We are innovative tax and accounting service firm specializing in cryptocurrency. If you’re searching for a bookkeeping service near Miami Florida, Fort Lauderdale, Hollywood and up the coast to West Palm Beach, then Pinnacle Taxx & Accounting’s bookkeeping service might be perfect for you. However, neglecting your business finances can have serious consequences. Without proper management, cash […]
The five signs it’s time to explore outsourced accounting services is one of many accounting principles, which stand for standardizing the way in which businesses perform their financial reporting activities. In situations where uncertainty exists and there is doubt between two reasonable alternatives for recording an item, according to the conservatism principle your accountant should […]
The difference between a checking and savings account can seem confusing. Huntington is here to help you understand the differences between a checking and a savings account and how both could help you manage your finances. Investing in alternative assets involves higher risks than traditional investments and is suitable only for sophisticated investors. Alternative investments […]
NRV is defined as the estimated selling price in the ordinary course of business minus the forecasted costs of completion and estimated expenses to facilitate the sale (IAS 2.6). This means that inventories should be written down to below their original cost in situations where they’re damaged, become obsolete or if their selling prices have […]
One standard method is the straight-line method, where an equal amount of premium is amortized each period until it reaches zero by maturity. Another method is the effective interest rate method, which considers changes in market interest rates and adjusts the amortization accordingly. Compliance with accounting standards is vital for businesses to maintain credibility and […]