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Resources for Accountants

How to form an S-Corporation | Limitations & Tax Filing [Video]

How to form an S-Corporation | Limitations & Tax Filing

Know the restrictions, limitations, and tax filing requirements when forming an S-Corporation.

If you require any assistance with accounting, tax filling, or business advisory for your S Corporation, contact Fusion CPA.

At Fusion CPA we strive to help owners of S-Corporations follow IRS and GAAP guidelines for determining and reporting wages. Our CPAs and financial advisers offer outsourced accounting services, including bookkeeping, payroll, financial planning, and tax preparation.

Get in touch to schedule a Discovery Call with our Team- https://www.fusiontaxes.com/contact-us/

Keep reading:
Everything You Need to Know About Tax for S Corps – https://www.fusiontaxes.com/thought-leadership/blog/everything-you-need-to-know-about-tax-for-s-corps/

All You Need to Know About Reasonable Compensation for S-Corps- https://www.fusiontaxes.com/thought-leadership/blog/all-you-need-to-know-about-reasonable-compensation-for-s-corps/

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Disclaimer: This video is not intended to be the rendering of legal, accounting, tax advice, or other professional services. Info is based on current or proposed tax rules at the time published, and older posts are not updated for tax rule changes. We expressly disclaim all liability in regard to actions taken or not taken based on the contents of this video as well as the use or interpretation of this information. Information provided on this channel is not all-inclusive and such information should not be relied upon as being all-inclusive.

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Resources for Accountants

How to Start and Fund Your Own Business [Video]

Embarking on the journey of starting and funding your own business is akin to setting sail on uncharted waters. It's a thrilling yet daunting endeavor that demands a blend of creativity, strategy, and financial acumen. In today's dynamic business landscape, where innovation and disruption reign supreme, the allure of entrepreneurship beckons individuals eager to carve their own path and leave a mark on the world. However, navigating the complexities of business ownership requires careful planning, unwavering commitment, and access to adequate funding. This guide aims to illuminate the path ahead, offering a roadmap for aspiring entrepreneurs to transform their vision into a tangible business reality.

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Resources for Accountants

What are the different types of Hedge Accounting models? [Video]

Bob will help you "close the GAAP" on what the different types of hedge accounting models are and when to use them. Check out his quick video explanation here! If you are interested in learning more, explore our eLearning courses on our GAAP Dynamics Learning Library: ASC 815: Hedge Accounting (Course Collection): https://www.gaapdynamics.com/product/asc-815-hedge-accounting/ Financial Instruments: Hedge Accounting Under IFRS 9: https://www.gaapdynamics.com/product/financial-instruments-hedge-accounting-under-ifrs-9/#collection-cards

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Resources for Accountants

Application of ASC 805 [Video]

This is the introductory video for the third course of the three-part Business Combinations eLearning series. Now that you are familiar with the basic accounting rules and certain ASC 805 advanced issues, this course will apply that knowledge by walking through an example acquisition and requiring you to identify the proper accounting treatment. Take the course: https://www.gaapdynamics.com/product/business-combinations-application-of-asc-805/ Buy all three courses and save! https://www.gaapdynamics.com/product/asc-805-business-combinations/ Learn more about GAAP Dynamics: https://www.gaapdynamics.com/ Check out our other online courses on the GAAP Dynamics Learning Library: https://www.gaapdynamics.com/individual-learning/ Subscribe to GAAP Dynamics to see more videos like these!

Categories
Resources for Accountants

How to Calculate the Right-of-use Asset [Video]

When the lessee capitalizes a lease, it doesn’t just record a liability; it also records a right-of-use asset. At the commencement of the lease, the right-of-use asset is calculated as follows:Initial measurement of lease liability + lease prepayments + initial direct costs + costs to dismantle/remove the asset or restore the site - lease incentives received from the lessor = right-of-use asset The right-of-use asset is then recorded on the lessee's statement of financial position and depreciated over the lease term.— Edspira is the creation of Michael McLaughlin, 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* http://eepurl.com/dIaa5z— 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/ — CONNECT WITH EDSPIRA* Website: https://www.edspira.com* Blog: https://www.edspira.com/blog/ * Facebook page: https://www.facebook.com/Edspira* Facebook group: https://www.facebook.com/groups/561316587899818//* Reddit: https://www.reddit.com/r/edspira* LinkedIn: https://www.linkedin.com/company/edspira— CONNECT WITH MICHAEL* Website: http://www.MichaelMcLaughlin.com* LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin * Twitter: https://www.twitter.com/Prof_McLaughlin* Facebook: https://www.facebook.com/prof.michael.mclaughlin* Snapchat: https://www.snapchat.com/add/prof_mclaughlin*Twitch: https://twitch.tv/prof_mclaughlin * Instagram: https://www.instagram.com/prof_mclaughlin*TikTok: https://www.tiktok.com/@prof_mclaughlin