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How Do I Forecast with Tax Code 280E?

CFO Share

The difference between cost of goods sold and ordinary business expenses is well defined in Generally Accepted Accounting Principles (GAAP) but routinely ignored by small business bookkeeping services. Proper cannabis accounting must recognize these costs on regular financial statements to comply with 280E tax code.

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Under Armour Defends Reputation Amid Investigations

PYMNTS

1, said that while the report questions the retail apparel company’s integrity, Under Armour is unaffected and deserves more respect. Under Armour CEO Kevin Plank has responded to allegations that he borrowed business from quarters in the future to mask slowing demand for the company’s offerings in 2016, according to a report by CNBC.

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T-Mobile Sales Practices Under Fire

PYMNTS

Change to Win writes in its report, “T-Mobile’s high-pressure sales culture, coupled with low hourly pay for retail workers, puts employees in an untenable position where they have to choose between doing what is right for customers and meeting the strictly enforced sales metrics needed to safeguard their job and their own financial survival.”.

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Accounting for In-Kind Donations to Nonprofits

The Charity CFO

Accounting for in-kind donations isn’t just important; it’s required for many nonprofit organizations. . Prepare financial statements per Generally Accepted Accounting Principles (GAAP). You need to track and report in-kind donations if your organization is required to… . Submit to an annual audit.

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Reporting unearned revenue: what you need to know

Cube Software

This could be retail stores offering layaway plans or a media company offering subscriptions to streaming services. Besides the wasted time involved in chasing down and correcting incorrect revenue recognition, it creates issues with meeting the Generally Accepted Accounting Principles (GAAP) standard for financial reporting.

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How Compliance Rules Vary For State- Vs SEC-Registered RIAs

CFO News Room

The Client Relationship Summary (also known as “Form CRS”) is only applicable to SEC-registration applicants that serve retail investors (with the odd exception of advisers seeking state registration in Rhode Island ) and is also a wholly-narrative document to be uploaded to the IARD system in a text-searchable PDF format.