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Computer Retailer – Accounting Methods

CFO Simplified

But understanding your company’s profitability is critical to making the right decisions. Business – E-commerce computer retailer. The business’ part-time CFO was providing financials that didn’t match the reports they received from their accountant. Change to accrual basis accounting. Bringing Value through CFO Insights.

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HSBC CFO: Bank to restructure after Q3 profit drop

Future CFO

HSBC’s CFO Ewen Stevenson said the bank plans to restructure its loss-making businesses after announcing an 18% year-on-year drop in pre-tax profit in Q3 on Monday. The Hong Kong-listed bank reported pre-tax profit of US$4.8 The post HSBC CFO: Bank to restructure after Q3 profit drop appeared first on FutureCFO.

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Is Robinhood Safe? – Good Financial Cents®

CFO News Room

These protections help safeguard investors’ funds and securities in the event of a brokerage firm’s failure or other financial losses. In addition to this protection, Robinhood has implemented measures to monitor suspicious activity and protect users from financial loss due to fraudulent activity. Is Robinhood Safe to Use?

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How Do I Forecast with Tax Code 280E?

CFO Share

Your strategic business forecasting must include proper considerations for section 280E – this is essential to planning cash flow and avoiding catastrophic tax bills at year-end. In simple terms, that means the cannabis industry taxable income is closer to its revenue rather than profit. What is IRS section 280E?

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Are Private Labels The Key To Cracking The Profitability Indian eCommerce?

PYMNTS

Cash is still king – but it’s use has fallen off by 15 percent in the 18 months since Prime Minister Narendra Modi, announced a rapidly implementing demonetization plan that saw 86 percent of the rupees in circulation disappear out of the economy nearly over night. But how to harness and tap into those great expectations profitably?

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Financial Reporting Drives Good Decisions

CFO Simplified

The company used Cash Basis accounting for their operating statements because taxes were calculated on a Cash Basis. When sales grew, profitability looked strong because cash came in within 48 hours, but the company’s bills weren’t due for 60 days. Business – E-commerce retailer. Location – Central Wisconsin.

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Petco Files For IPO As Demand For Pets Surges During Pandemic 

PYMNTS

New pet owners account for about $4 billion in fresh demand for food and accessories. The pet retail chain is also moving towards profitability after net losses the past two years. It has also narrowed its losses by 77 percent to $20.3 The pet retail chain filed last month for an IPO pending an SEC review.