![Pay Tax on Found Money? [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/10/mp_3440_0_0jpg.jpg)
If you find buried treasure, are you subject to income tax?In 1957, a husband and wife bought a used piano for $15 at an auction.They were cleaning the piano seven years later and found $4,467 cash inside the piano. The couple said the money wasn’t taxable.Here’s their argument:• Congress had enacted § 74 to say prizes and awards are taxable, but § 74 didn’t mention anything about being taxed if you found a treasure trove• The couple said the money should be treated as a gift, and thus nontaxable under § 102But a court of law disagreed, saying all income is taxable unless the tax code says otherwise.— 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 accessible to all people.— 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* http://eepurl.com/dIaa5z— HIRE MICHAEL MCLAUGHLIN, PHD, CPA * https://michaelmclaughlin.com/hire-me — 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/
Resources for Accountants
![Enjoy Life at Every Moment | Inspiring short stories #24 | Motivational & Inspirational Video [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/10/mp_3436_0_0jpg.jpg)
Enjoy Life at Every Moment. Inspiring short stories #24 . Motivational & inspirational video. Best short inspirational videos. Inspirational quotes about life and love.Other stories from the motivational series that may interest you:#1: A Glass of Milk https://youtu.be/f7ZsrgU5qpo#2: Building Bridges https://youtu.be/z11Qtbtup7k#3: Human Life Span https://youtu.be/9p8BsGHK7qg#4: When God Made Fathers https://youtu.be/sctpkPRfOWE#5: Digging Up a Garden https://youtu.be/-CZ7i7y5WEY#6: A $1.11 Miracle https://youtu.be/agH2B9Kp22c#7: Weakness or Strength https://youtu.be/9WWyJYfN2yM#8: Law of the Garbage Truck https://youtu.be/76q5IGAaN9Q#9: The Angry Father https://youtu.be/HKItgPLu-ts#10: Your Personal Angel https://youtu.be/W2suHpCXjFw#11: What Goes Around Comes Around https://youtu.be/z7pDopITEmY#12: The House with the Golden Windows https://youtu.be/q_x6xBDAvEU#13: The Cookie Thief https://youtu.be/2AN_WvGcczA#14: Attribute to Mother https://youtu.be/2iAHPt3bA6Q#15: A True Love Story https://youtu.be/EEfJ5t2OV7wGet the book, ‘Top 100 Motivational Stories: The Best Inspirational Short Stories and Anecdotes of All Time’: https://www.bizmove.com/inspiration/m9b.htm
![Winners Vs. Losers | Motivational Video | Short Motivational Speech | #shorts Start Business [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/10/mp_3432_0_0jpg.jpg)
Winners Vs. Losers | Motivational Video | Short Motivational Speech | Motivation Start Business
![Liquidity Ratios – Meaning, Formula, Calculation & Interpretations [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/10/mp_3429_0_0jpg.jpg)
This tutorial will give you a detailed understanding of Liquidity Ratios, including their definitions, formulas, calculations, and interpretations. Here, you will learn about its three types – current ratio, quick ratio, and cash ratio.What are Liquidity Ratios?——————————————–Liquidity ratios are used to assess a company’s ability to meet short-term financial obligations and sustain its short-term debt-paying capabilities. Liquidity Ratios Formulas——————————————–Current Ratio Formula = Current Assets / Current LiabilitiesQuick ratio Formula = Quick assets / Quick Liabilities= (Cash and Cash Equivalents + Accounts receivables) / (Current liabilities – Bank overdraft)Cash Ratio Formula = Cash + Cash Equivalents / Total Current LiabilitiesRelevance and Use——————————————— Liquidity ratios help identify whether or not the company has enough liquidity to pay its short-term obligations, allowing it to plan its future course of action accordingly.- Investors, creditors, banks, and other stakeholders use it as part of their due diligence before extending credit or investing in the company.For more details, you can refer to our article – https://www.wallstreetmojo.com/liquidity/ Connect with us! YouTube https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUwLinkedIn https://www.linkedin.com/company/wallstreetmojo/mycompany/Facebook https://www.facebook.com/wallstreetmojoInstagram https://www.instagram.com/wallstreetmojoofficial/Twitter https://twitter.com/wallstreetmojo
![Control Your Temper | Inspiring short stories #23 | Motivational & Inspirational Video [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/10/mp_3425_0_0jpg.jpg)
Control Your Temper. Inspiring short stories #23. Motivational & inspirational video. Best short inspirational videos. Inspirational quotes about life and love.Other stories from the motivational series that may interest you:#1: A Glass of Milk https://youtu.be/f7ZsrgU5qpo#2: Building Bridges https://youtu.be/z11Qtbtup7k#3: Human Life Span https://youtu.be/9p8BsGHK7qg#4: When God Made Fathers https://youtu.be/sctpkPRfOWE#5: Digging Up a Garden https://youtu.be/-CZ7i7y5WEY#6: A $1.11 Miracle https://youtu.be/agH2B9Kp22c#7: Weakness or Strength https://youtu.be/9WWyJYfN2yM#8: Law of the Garbage Truck https://youtu.be/76q5IGAaN9Q#9: The Angry Father https://youtu.be/HKItgPLu-ts#10: Your Personal Angel https://youtu.be/W2suHpCXjFw#11: What Goes Around Comes Around https://youtu.be/z7pDopITEmY#12: The House with the Golden Windows https://youtu.be/q_x6xBDAvEU#13: The Cookie Thief https://youtu.be/2AN_WvGcczA#14: Attribute to Mother https://youtu.be/2iAHPt3bA6Q#15: A True Love Story https://youtu.be/EEfJ5t2OV7wGet the book, ‘Top 100 Motivational Stories: The Best Inspirational Short Stories and Anecdotes of All Time’: https://www.bizmove.com/inspiration/m9b.htm
![Cleaning Up Our Mistakes | Inspiring short stories #22 | Motivational & Inspirational Video [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/10/mp_3414_0_0jpg.jpg)
Cleaning Up Our Mistakes. Inspiring short stories #22. Motivational & inspirational video. Best short inspirational videos. Inspirational quotes about life and love.Other stories from the motivational series that may interest you:#1: A Glass of Milk https://youtu.be/f7ZsrgU5qpo#2: Building Bridges https://youtu.be/z11Qtbtup7k#3: Human Life Span https://youtu.be/9p8BsGHK7qg#4: When God Made Fathers https://youtu.be/sctpkPRfOWE#5: Digging Up a Garden https://youtu.be/-CZ7i7y5WEY#6: A $1.11 Miracle https://youtu.be/agH2B9Kp22c#7: Weakness or Strength https://youtu.be/9WWyJYfN2yM#8: Law of the Garbage Truck https://youtu.be/76q5IGAaN9Q#9: The Angry Father https://youtu.be/HKItgPLu-ts#10: Your Personal Angel https://youtu.be/W2suHpCXjFw#11: What Goes Around Comes Around https://youtu.be/z7pDopITEmY#12: The House with the Golden Windows https://youtu.be/q_x6xBDAvEU#13: The Cookie Thief https://youtu.be/2AN_WvGcczA#14: Attribute to Mother https://youtu.be/2iAHPt3bA6Q#15: A True Love Story https://youtu.be/EEfJ5t2OV7wGet the book, ‘Top 100 Motivational Stories: The Best Inspirational Short Stories and Anecdotes of All Time’: https://www.bizmove.com/inspiration/m9b.htm
![The AICPA Benevolent Fund [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/10/mp_3404_0_0jpg.jpg)
The AICPA Benevolent Fund
![Turnover Ratios – Meaning, Formula, Calculation & Interpretations [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/10/mp_3401_0_0jpg.jpg)
In this tutorial, we have covered three key turnover ratios: receivables turnover ratio, inventory turnover ratio, and accounts payable turnover ratio. Their meanings, formulas, calculations, and interpretations are also covered in depth.What are Turnover Ratios?——————————————–Turnover ratios evaluate how effectively a company’s facilities, including its assets and liabilities, are used. Inventory turnover ratios, receivables turnover ratios, accounts payable turnover ratios, and so on are examples of turnover ratios.Turnover Ratios Formulas——————————————–Accounts Receivable Turnover Ratio Formula = Net Credit Sales / Average Accounts Receivables Inventory Turnover Ratio Formula = Cost of Goods Sold / Average Inventory Accounts Payable Turnover Formula = Purchases / Average Accounts PayablesRelevance and Use——————————————— The receivables turnover ratio indicates how quickly a company can convert receivables into cash.- The inventory turnover ratio is a measure of how quickly a company can sell its inventory.- Accounts payable turnover ratio reflects how quickly a company pays its suppliers and, as a result, how well it manages its debts and cash flow.For more details, you can refer to our article – https://www.wallstreetmojo.com/turnover-ratios-formula/Connect with us! YouTube https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUwLinkedIn https://www.linkedin.com/company/wallstreetmojo/mycompany/Facebook https://www.facebook.com/wallstreetmojoInstagram https://www.instagram.com/wallstreetmojoofficial/?utm_medium=copy_linkTwitter https://twitter.com/wallstreetmojo
![Childish Behavior | Inspiring short stories #21 | Motivational & Inspirational Video [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/10/mp_3395_0_0jpg.jpg)
Childish Behavior. Inspiring short stories #21. Motivational & inspirational video. Best short inspirational videos. Inspirational quotes about life and love.Other stories from the motivational series that may interest you:#1: A Glass of Milk https://youtu.be/f7ZsrgU5qpo#2: Building Bridges https://youtu.be/z11Qtbtup7k#3: Human Life Span https://youtu.be/9p8BsGHK7qg#4: When God Made Fathers https://youtu.be/sctpkPRfOWE#5: Digging Up a Garden https://youtu.be/-CZ7i7y5WEY#6: A $1.11 Miracle https://youtu.be/agH2B9Kp22c#7: Weakness or Strength https://youtu.be/9WWyJYfN2yM#8: Law of the Garbage Truck https://youtu.be/76q5IGAaN9Q#9: The Angry Father https://youtu.be/HKItgPLu-ts#10: Your Personal Angel https://youtu.be/W2suHpCXjFw#11: What Goes Around Comes Around https://youtu.be/z7pDopITEmY#12: The House with the Golden Windows https://youtu.be/q_x6xBDAvEU#13: The Cookie Thief https://youtu.be/2AN_WvGcczA#14: Attribute to Mother https://youtu.be/2iAHPt3bA6Q#15: A True Love Story https://youtu.be/EEfJ5t2OV7wGet the book, ‘Top 100 Motivational Stories: The Best Inspirational Short Stories and Anecdotes of All Time’: https://www.bizmove.com/inspiration/m9b.htm
![A Ten Cent Idea | Inspiring short stories #20 | Motivational & Inspirational Video [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/10/mp_3365_0_0jpg.jpg)
A Ten Cent Idea. Inspiring short stories #20. Motivational & inspirational video. Best short inspirational videos. Inspirational quotes about life and love.Other stories from the motivational series that may interest you:#1: A Glass of Milk https://youtu.be/f7ZsrgU5qpo#2: Building Bridges https://youtu.be/z11Qtbtup7k#3: Human Life Span https://youtu.be/9p8BsGHK7qg#4: When God Made Fathers https://youtu.be/sctpkPRfOWE#5: Digging Up a Garden https://youtu.be/-CZ7i7y5WEY#6: A $1.11 Miracle https://youtu.be/agH2B9Kp22c#7: Weakness or Strength https://youtu.be/9WWyJYfN2yM#8: Law of the Garbage Truck https://youtu.be/76q5IGAaN9Q#9: The Angry Father https://youtu.be/HKItgPLu-ts#10: Your Personal Angel https://youtu.be/W2suHpCXjFw#11: What Goes Around Comes Around https://youtu.be/z7pDopITEmY#12: The House with the Golden Windows https://youtu.be/q_x6xBDAvEU#13: The Cookie Thief https://youtu.be/2AN_WvGcczA#14: Attribute to Mother https://youtu.be/2iAHPt3bA6Q#15: A True Love Story https://youtu.be/EEfJ5t2OV7wGet the book, ‘Top 100 Motivational Stories: The Best Inspirational Short Stories and Anecdotes of All Time’: https://www.bizmove.com/inspiration/m9b.htm
![Types of Tax in the U.S. [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/10/mp_3350_0_0jpg.jpg)
When you work, you’re subject to a federal income tax, payroll tax, and possibly state or local income tax depending on where you live.If you’re self-employed, you’ll pay self-employment tax. Unless your business is a C corporation, in which case the company’s profits will be taxed, plus you’ll be taxed on any compensation or dividends you receive from the corporation. In most states you’ll pay sales tax when you buy goods. If you travel to a state that doesn’t have a sales tax, buy something, and then return to your home state, you’ll be subject to a use tax.When you buy fuel, cigarettes, or alcohol you’ll pay excise tax.If you own a home, you’ll pay property tax. In some places you’ll also pay property tax on vehicles and boats. If you stay in a hotel you’ll pay occupancy tax. If you export natural resources you’ll be subject to severance tax.And when you die, you could be subject to a federal estate tax. Some states have an inheritance tax.— 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 accessible to all people.— 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* http://eepurl.com/dIaa5z— HIRE MICHAEL MCLAUGHLIN, PHD, CPA * https://michaelmclaughlin.com/hire-me — 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/
![A Tale of Tradition| Inspiring short stories #19 | Motivational & Inspirational Video [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/10/mp_3344_0_0jpg.jpg)
A Tale of Tradition. Inspiring short stories #19. Motivational & inspirational video. Best short inspirational videos. Inspirational quotes about life and love.Other stories from the motivational series that may interest you:#1: A Glass of Milk https://youtu.be/f7ZsrgU5qpo#2: Building Bridges https://youtu.be/z11Qtbtup7k#3: Human Life Span https://youtu.be/9p8BsGHK7qg#4: When God Made Fathers https://youtu.be/sctpkPRfOWE#5: Digging Up a Garden https://youtu.be/-CZ7i7y5WEY#6: A $1.11 Miracle https://youtu.be/agH2B9Kp22c#7: Weakness or Strength https://youtu.be/9WWyJYfN2yM#8: Law of the Garbage Truck https://youtu.be/76q5IGAaN9Q#9: The Angry Father https://youtu.be/HKItgPLu-ts#10: Your Personal Angel https://youtu.be/W2suHpCXjFw#11: What Goes Around Comes Around https://youtu.be/z7pDopITEmY#12: The House with the Golden Windows https://youtu.be/q_x6xBDAvEU#13: The Cookie Thief https://youtu.be/2AN_WvGcczA#14: Attribute to Mother https://youtu.be/2iAHPt3bA6Q#15: A True Love Story https://youtu.be/EEfJ5t2OV7wGet the book, ‘Top 100 Motivational Stories: The Best Inspirational Short Stories and Anecdotes of All Time’: https://www.bizmove.com/inspiration/m9b.htm