![Effective Tax Rate vs Average Tax Rate [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2024/05/mp_24268_0_0jpg.jpg)
The average tax rate is calculated by dividing the total tax by taxable income:average tax rate = total tax / taxable incomeThe effective tax rate, on the other hand, is calculated by dividing the total tax by TOTAL income, with total income including both taxable and nontaxable income:effective tax rate = total tax / total incomeThe effective tax rate will be lower than the average tax rate when the taxpayer has tax-exempt income (include that isn’t subject to tax).A third type of tax rate is the marginal tax rate, which is the rate that would be incurred on the next dollar of taxable income. — Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.— SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS: • A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING• A 44-PAGE GUIDE TO U.S. TAXATION• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS• MANY MORE FREE PDF GUIDES AND SPREADSHEETS* http://eepurl.com/dIaa5z— SUPPORT EDSPIRA ON PATREON*https://www.patreon.com/prof_mclaughlin— GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT * https://edspira.thinkific.com — LISTEN TO THE SCHEME PODCAST * Apple Podcasts: https://podcasts.apple.com/us/podcast/scheme/id1522352725 * Spotify: https://open.spotify.com/show/4WaNTqVFxISHlgcSWNT1kc * Website: https://www.edspira.com/podcast-2/ — GET TAX TIPS ON TIKTOK * https://www.tiktok.com/@prof_mclaughlin — ACCESS INDEX OF VIDEOS * https://www.edspira.com/index — CONNECT WITH EDSPIRA * Facebook: https://www.facebook.com/Edspira * Instagram: https://www.instagram.com/edspiradotcom * LinkedIn: https://www.linkedin.com/company/edspira — CONNECT WITH MICHAEL * Twitter: https://www.twitter.com/Prof_McLaughlin * LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin — ABOUT EDSPIRA AND ITS CREATOR * https://www.edspira.com/about/* https://michaelmclaughlin.com
![5 Accounting Adjustments From Easy to Insane 😵💫 [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2024/05/mp_24265_0_0jpg.jpg)
Join 10,000+ professionals who enrolled in the Controller Academy 🚀https://controller-academy.com/courses/controller-academy[coupon 30OFFCOURSE for 30% discount]Download the file used in the video:https://thefincontroller.com/p/accounting-adjustments-easy-to-hardPwC’s guide on Revenue from contracts with customers:https://viewpoint.pwc.com/dt/us/en/pwc/accounting_guides/revenue_from_contrac/assets/pwcrevenueguide0324.pdfChapters:00:00 Agenda00:53 #1 Late Invoice for Inventory 02:44 #2 AR Write-off05:09 #3 Deferred Rent07:53 #4 Sales Commission (Incremental Cost)11:46 #5 Buyout of Legacy Vendor Contract What we cover in this video:Accounting Adjustments are made at each month end to ensure compliance with US GAAP or IFRS, depending on the Accounting framework your company chooses to useIn this video, I will walk you through 5 examples of these accounting adjustments. We will go from an easy example such as a Late invoice on inventory purchase all the way to a very difficult example related to costs to acquire a new customer contract We will look at both the Wrong Accounting treatment as well as the correct way to record each transaction———————————–Hang Out with me on social media:📸 https://www.instagram.com/the_financial_controller/📱https://www.tiktok.com/@thefinancialcontrollerhttps://www.linkedin.com/in/bill-hanna-cpa-7653a851/DISCLAIMER: Links included in this description might be affiliate links. If you happen to purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week!All views expressed on my channel are mine alone. Not intended as financial or professional advice
![Key Takeaways from Our Communication Skills Series | Wallstreetmojo [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2024/05/mp_24256_0_0jpg.jpg)
🤝 Welcome to the final installment of Wallstreetmojo’s Communication Skills series! 🌟 In this video, we recap the key takeaways from our series, highlighting the most essential tips and strategies for mastering effective communication in finance and business.Join us as we summarize the critical points covered, from nonverbal communication and presentation skills to conflict resolution and feedback. We’ll provide a concise and powerful overview to ensure you have all the tools you need to excel in your professional interactions.Whether you’ve been following along or are just tuning in, this video serves as a comprehensive guide to the vital communication skills that drive success in today’s competitive business landscape.Hit that subscribe button to stay connected with Wallstreetmojo, and let’s review the key takeaways together! 🚀
![Introduction to Venture Capital 💼🚀 | Wallstreetmojo Venture Capital Series [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2024/05/mp_24253_0_0jpg.jpg)
🤝 Welcome to Wallstreetmojo’s new Venture Capital series! 🌟 In this introductory video, we embark on a journey to demystify the world of venture capital and its vital role in driving innovation and growth.Join us as we explore the basics of venture capital, including what it is, how it works, and why it’s crucial for startups and investors alike. We’ll provide a clear overview of the key concepts, terminology, and the venture capital ecosystem.Whether you’re an aspiring entrepreneur, an investor, or simply curious about the venture capital landscape, this series is designed to equip you with the knowledge and insights needed to navigate this exciting field.Hit that subscribe button to stay updated on our latest videos, and let’s kick off our venture capital journey together! 🚀
![How to Start a VRBO Business | Free VRBO Business Plan Template Included [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2024/05/mp_24250_0_0jpg.jpg)
Starting a VRBO business step by step.Now you can get your free business plan template gift here: https://www.bizmove.com/business-gifts.htmThis is a high quality, full blown business plan template complete with detailed instructions and all the related spreadsheets. Allows you to easily prepare a professional business plan for your business. It will guide you through the whole process of starting a business and ensure you start your business on the right foot.Also get free small business guides, tools, and worksheets at: https://www.bizmove.com
![How to Start a Vtuber Agency Business | Free Vtuber Agency Business Plan Template Included [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2024/05/mp_24247_0_0jpg.jpg)
Starting a Vtuber Agency business step by step.Now you can get your free business plan template gift here: https://www.bizmove.com/business-gifts.htmThis is a high quality, full blown business plan template complete with detailed instructions and all the related spreadsheets. Allows you to easily prepare a professional business plan for your business. It will guide you through the whole process of starting a business and ensure you start your business on the right foot.Also get free small business guides, tools, and worksheets at: https://www.bizmove.com
![How to Start a Watch Business | Free Watch Business Plan Template Included [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2024/05/mp_24244_0_0jpg.jpg)
Starting a Watch business step by step.Now you can get your free business plan template gift here: https://www.bizmove.com/business-gifts.htmThis is a high quality, full blown business plan template complete with detailed instructions and all the related spreadsheets. Allows you to easily prepare a professional business plan for your business. It will guide you through the whole process of starting a business and ensure you start your business on the right foot.Also get free small business guides, tools, and worksheets at: https://www.bizmove.com
![How to Start a Wax Business | Free Wax Business Plan Template Included [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2024/05/mp_24241_0_0jpg.jpg)
Starting a Wax business step by step.Now you can get your free business plan template gift here: https://www.bizmove.com/business-gifts.htmThis is a high quality, full blown business plan template complete with detailed instructions and all the related spreadsheets. Allows you to easily prepare a professional business plan for your business. It will guide you through the whole process of starting a business and ensure you start your business on the right foot.Also get free small business guides, tools, and worksheets at: https://www.bizmove.com
![How to Start a White Label Business | Free White Label Business Plan Template Included [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2024/05/mp_24238_0_0jpg.jpg)
Starting a White Label business step by step.Now you can get your free business plan template gift here: https://www.bizmove.com/business-gifts.htmThis is a high quality, full blown business plan template complete with detailed instructions and all the related spreadsheets. Allows you to easily prepare a professional business plan for your business. It will guide you through the whole process of starting a business and ensure you start your business on the right foot.Also get free small business guides, tools, and worksheets at: https://www.bizmove.com
![How to Start a Wholesale Business | Free Wholesale Business Plan Template Included [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2024/05/mp_24235_0_0jpg.jpg)
Starting a Wholesale business step by step.Now you can get your free business plan template gift here: https://www.bizmove.com/business-gifts.htmThis is a high quality, full blown business plan template complete with detailed instructions and all the related spreadsheets. Allows you to easily prepare a professional business plan for your business. It will guide you through the whole process of starting a business and ensure you start your business on the right foot.Also get free small business guides, tools, and worksheets at: https://www.bizmove.com
![How to Start a Wholesale Clothing Business | Free Wholesale Clothing Business Plan Template Included [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2024/05/mp_24232_0_0jpg.jpg)
Starting a Wholesale Clothing business step by step.Now you can get your free business plan template gift here: https://www.bizmove.com/business-gifts.htmThis is a high quality, full blown business plan template complete with detailed instructions and all the related spreadsheets. Allows you to easily prepare a professional business plan for your business. It will guide you through the whole process of starting a business and ensure you start your business on the right foot.Also get free small business guides, tools, and worksheets at: https://www.bizmove.com
![How to Start a Zazzle Store Business | Free Zazzle Store Business Plan Template Included [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2024/05/mp_24229_0_0jpg.jpg)
Starting a Zazzle Store business step by step.Now you can get your free business plan template gift here: https://www.bizmove.com/business-gifts.htmThis is a high quality, full blown business plan template complete with detailed instructions and all the related spreadsheets. Allows you to easily prepare a professional business plan for your business. It will guide you through the whole process of starting a business and ensure you start your business on the right foot.Also get free small business guides, tools, and worksheets at: https://www.bizmove.com