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How Do I Forecast with Tax Code 280E?

CFO Share

Transportation costs. Depreciation and amortization reported for tax purposes in excess of that reported in financial reports. IRS guidance ultimately defers to how you keep your financial reports so long as those reports follow GAAP. According to IRS memorandum no. Interest expense.

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In Wake of Coronavirus, Takeovers (And Liabilities) Loom

PYMNTS

We’re referring to transport, of course – and tourism , sporting events and one-off gatherings that are now shuttering. Those mounting costs could make it challenging to meet ongoing operating goals, in a ripple effect that may extend well beyond supply chains , dependent as they are on people gathering together.

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How cloud accounting made me enjoy the finance industry again

Creative CFP

It makes any query and audit way easier than before. I am now able to improve financial reporting and be innovative with bringing the business numbers to life so business owners can make better decisions. The idea of “real-time accounting” seemed unreal to me! All of this is then saved securely on the cloud.

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Transcript: Brian Hamburger

Barry Ritholtz

We don’t know what do we need to do to make sure we pass our next audit? So, you mentioned earlier the SEC, and I think I brought up audits, pre-pandemic, the rule of thumb was, hey, expect an audit every three years, and then the pandemic happened, and for three years, you know, everybody was sort of frozen.