When to count income

January 1st, 2017 / By: / Business, Sustainability

Get ready for new guidelines on ‘revenue recognition.’ Sometimes accounting rules and the tax law are logical and equitable; sometimes they aren’t. One question always seems to surface: When is a business’s revenue considered “income”? The time to claim income and deductions is dictated by rules or laws, not by a business owner’s opinion. Accounting […]

 

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