It may also be recorded in a company’s general ledger as a contra account. While general ledger accounts may not be publicly reported by a company, investors can use this data within the Income Statement and Cash Flow Statement to learn more about a company’s debt obligations. Amortization is used for both debt and assets but […]

Working with clients on a monthly basis opens the door for proactive tax planning and business advisory services. Dimov Tax Specialists helps different types of businesses, like limited liability corporations, partnerships, and sole proprietorships, in Austin. It handles various accounting matters, including bookkeeping, HR outsourcing, and payroll services. We designed our business to provide a […]

This practice not only aids in accurately depicting a company’s profitability and financial health but also ensures compliance with accounting standards and principles. The choice of method depends on the nature of the intangible asset, the pattern in which the asset’s economic benefits are expected to be consumed, and the accounting policies of the company. […]