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But under the Sutherland Lumber-Southwest rule, the company can deduct its actual cost for providing such items to other employees. IRC section 267(a)(2) prevents related taxpayers that use different accounting methods from taking a current deduction on one hand but deferring income recognition on the other. Related taxpayers include corporate controlled groups with a 50% stock ownership requirement. Accounting bodies often encounter situations where strict compliance with the matching principle may not accurately reflect the […]

Our team brings years of expertise across a range of industries, offering you high-quality, reliable financial and operational guidance. We professionally handle payroll services for many Northwest Arkansas organizations. Receive detailed financial reports to help you make informed business decisions and strategies. Reliable bookkeeping solutions for small to medium-sized businesses in north central Washington. NW Book Pros is your go-to financial wraparound services from accounting to positive cashflow management. We know as a business owner […]

Of course, every construction business handles their invoicing differently, plus the relevant information on an invoice will change quite a bit depending on the work that’s being performed. Are you looking for construction cost management software for your construction company? At Archdesk, we spend a lot of time speaking to construction companies about the challenges they face – not least when it comes to creating effective and professional invoices. Whichever billing method you choose, you […]