What are Prepaids on a Balance Sheet? The Prepaids category appears under Current Assets on a Balance Sheet. Prepaids represent expenses that are paid in advance for a future period.
Tag Archive for property tax
18
Sep 2015
Personal Property Tax Issues
There is an interesting article in the San Jose Mercury News – “Silicon Valley’s stealthy, selfish war on taxes,” by Michelle Quinn (9/11/15). She looks at some of the assessed values high tech firms have noted for their equipment, including $1. She reports that some companies argue that the machine has no value to anyone else. That seems odd. But, it is a problem with a valuation tax, such as the property tax.
What is business personal property, such as equipment, worth each year? Arguably, when purchased, it is worth what you paid for it, but it isn’t worth that much after that. The valuation approach used does allow for adjustments down for subsequent years. The system also allows for lower values and appeals when necessary. Read more
Private And Confidential
Executive Search Services
Current Articles
Shopping Trends And TaxesI like to look at trends because they are interesting and many have tax implications. Trends may indicate a need to update or modernize tax rules or systems. I’m a bit behind on blogging on […]
ABLE Accounts – What Are They? Do You Qualify?An Achieving a Better Life Experience (ABLE) account provides a tax-advantaged method to save for disability-related expenses. Earnings in an ABLE account are not subject to federal income tax and, […]
Amnesty Program Directed At FBA SellersThere is a new scheduled amnesty program that may help businesses correct overlooked tax obligations if they have been selling products and services in other states. Many companies engage in […]
U.S. Attorney & Swiss Firm To Resolve Tax InvestigationPrime Partners SA Will Pay $5 Million in Forfeiture and Restitution; Receives Non-Prosecution Agreement As a Result of its Extraordinary Cooperation Joon H. Kim, the Acting United States Attorney for […]
Tax Job – Tax Manager/ Partnerships – Northern CaliforniaKat Jennings, TaxConnections CEO and internationally recognized tax search consultant, has worked with many firms over the years. One of her clients is an East Bay Area boutique tax practice with […]
-
™
