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Avr 15

Small Business Bookkeeping Basics

When Joe receives the $4,000 worth of payment checks from his customers on January 10, he will make an accounting entry to show the money was received. This $4,000 of receipts will not be considered to be January revenues, since the revenues were already reported as revenues in December when... read more →
Avr 15

Small Business Bookkeeping Basics

When Joe receives the $4,000 worth of payment checks from his customers on January 10, he will make an accounting entry to show the money was received. This $4,000 of receipts will not be considered to be January revenues, since the revenues were already reported as revenues in December when... read more →
Avr 15

Small Business Bookkeeping Basics

When Joe receives the $4,000 worth of payment checks from his customers on January 10, he will make an accounting entry to show the money was received. This $4,000 of receipts will not be considered to be January revenues, since the revenues were already reported as revenues in December when... read more →
Avr 15

Small Business Bookkeeping Basics

When Joe receives the $4,000 worth of payment checks from his customers on January 10, he will make an accounting entry to show the money was received. This $4,000 of receipts will not be considered to be January revenues, since the revenues were already reported as revenues in December when... read more →
Avr 15

Small Business Bookkeeping Basics

When Joe receives the $4,000 worth of payment checks from his customers on January 10, he will make an accounting entry to show the money was received. This $4,000 of receipts will not be considered to be January revenues, since the revenues were already reported as revenues in December when... read more →
Jan 23
Jan 23
Jan 23
Nov 16

Property, Plant And Equipment Depletion

Mining companies assess mineral reserves to establish a depletion base, which includes acquisition and exploration costs. Even timber, despite being regenerative, qualifies for depletion due to systematic harvesting. The U.S. Internal Revenue Code allows specific depletion deductions, which influence taxable income and incentivize resource exploration and development. Companies must navigate... read more →
Oct 22