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An Ultimate Guide to Individual Income Tax

An Ultimate Guide to Individual Income Tax

Individual Income Tax is a tax imposed on the income of individuals or entities that are considered individuals for tax purposes. It is a direct tax that is levied by the government on the income earned by individuals, including wages, salaries, dividends, interest, investments and other forms of income or household earns.

Month-End Close: What Is It, Benefits & Best Practices

Month-End Close: What Is It, Benefits & Best Practices

The month-end close is a crucial process that is done at the end of each month to ensure accurate and timely reporting of financials. It involves several steps, including reconciling accounts, reviewing transactions, adjusting entries, preparing financial statements, and analysing performance.

Pass-Through Taxation: What Is It & How It Works?

Pass-Through Taxation: What Is It & How It Works?

One of the most significant advantages of a pass-through entity is the elimination of double taxation. This concept refers to the scenario where a C corporation pays taxes on its profits at the corporate tax rate before distributing any remaining income to shareholders.

What is Valuation Allowance 

What is Valuation Allowance 

A Valuation Allowance is an accounting concept primarily used in the context of deferred tax assets. Deferred tax assets arise when a company has overpaid taxes or has accumulated tax credits that can be used to reduce future tax liabilities. 

Valuation Multiples: Definition & Calculation

Valuation Multiples: Definition & Calculation

The valuation multiples approach is commonly used to find out a business’s value. It is based on premise that companies operating in similar businesses tend to have similar prices, have similar cost structure and operate in similar market conditions.

Net Working Capital In Mergers & Acquisitions (M&A)

Net Working Capital In Mergers & Acquisitions (M&A)

A net working capital analysis is one of the key areas in financial due diligence, in addition to the quality of earnings analysis—i.e., adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization)—and a debt and debt-like items analysis.

Understanding Cash Flow Analysis: Definition, Benefits, and Examples

Understanding Cash Flow Analysis: Definition, Benefits, and Examples

Cash flow analysis is a method of evaluating the financial performance and health of a business by examining its cash inflows and outflows. Cash flow analysis helps business owners, managers, investors, and creditors to understand how a business generates and uses cash, and how it meets its short-term and long-term obligations.

Account Reconciliation in Accounting

Account Reconciliation in Accounting

Account reconciliation is a crucial process in the world of finance and accounting. It ensures that the financial records of a company are accurate, consistent, and complete.

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