pro-accounting

Accounting Term: What Is the Payback Reciprocal?

Uncover how to calculate the payback reciprocal. Learn how this calculation relates to the payback period, when it's useful to use, and how to evaluate your findings. Also, find out the drawbacks of the analysis technique including time value of money, cash flow consistency, and the length of your project.

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pro-accounting

Should You or Shouldn’t You? Evaluating a Request for a Sustainability Attestation

Discover a few things to keep in mind if your client approaches you with a request to perform a sustainability audit. This includes setting expectations by defining the scope, learning what your client wants and needs, determining what sorts of materials to be researched, and how to address any misstatements.

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pro-taxes

Leverage a Digital Company to Receive Subsidies From the Alberta Media Fund

Learn about the Alberta Media Fund, including the five main grants that comprise this group of government funding. Discover how much funding your clients can get from each grant, eligibility requirements, and the types of projects your clients need to be working on to get government assistance.

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firm-management

Due Diligence Issues When Acquiring or Selling an Accounting Firm

Discover what to look for when doing due diligence for the sale or purchase of an accounting firm. Advice includes how to handle staff, why clients matter so much, and how to review a firm's cash flow. Also learn how to balance confidentiality with providing enough information to prospective buyers.

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pro-accounting

Accounting Term: What Is the Conservatism Principle?

Understand the meaning and purpose of the conservatism principle. Learn why it's better to overstate expenses and understate revenue, even if it means your client's financial records aren't exactly right. This includes when conservatism should come into play, how it impacts decisions, and who the principle impacts.

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pro-taxes

Claiming the Northern Residents Deduction

Learn how to help your client secure a tax benefit by claiming the northern residents deduction. Discover the two parts to the deduction: the living cost element and travel benefit. For each aspect, find out if your client is eligible, what their maximum benefit is, and how to claim the deduction.

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business

Distinguishing Differences Between Layoffs Versus Buyouts

There are serious consequences and repercussions when you decide to let an employee go. Understand the important differences between laying someone off and buying them out.

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funding-financing

Raising Money Through Corporate Sponsors of Your Nonprofit Events

Launch a successful corporate sponsorship campaign for your nonprofit event by thinking about who to approach, what your sponsorship levels should look like, and what to offer in return.

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