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Resources for Accountants

What is the difference between long-term and short-term capital gains? [Video]

Long-term capital gains are taxed at 0, 15, or 20% depending on your income. Short-term capital gains, however, are taxed at your ordinary tax rate. Thus, if you’re planning to sell a stock, and you can hold on to it for at least 12 months and 1 day, your gain will be taxed at a lower rate. Now if you have a high income you might also incur a net investment income tax of 3.8% on short-term and long-term capital gains. Also, President Biden has proposed to tax long-term capital gains as ordinary income if you have taxable income above $1 million. He wants to increase the top tax bracket to 39.6%, so that means the maximum rate on long-term capital gains would be 39.6% (plus the 3.8% net investment income tax). — Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a …
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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

How to Improve Your Verbal Communication Skills | Top 10 Verbal Communication Tips for Managers [Video]

Discover how to Improve Your Verbal Communication Skills. Effective verbal communication is an essential skill for managers, as it can greatly influence the success of their teams and organizations. By mastering the art of clear and concise verbal communication, managers can foster better relationships, boost productivity, and inspire their employees. To help you enhance your verbal communication skills as a manager, here are ten valuable tips, along with examples, to guide you in your journey.

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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!

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Resources for Accountants

Advanced Issues and Disclosures [Video]

This is the introductory video to our self-study eLearning course "Business Combinations: Advanced Issues and Disclosures." Check it out here: https://www.gaapdynamics.com/product/business-combinations-advanced-issues-and-disclosures/ This is the second course of the three-part Business Combinations eLearning series. Now that you are familiar with the basic accounting rules, this course dives deeper into more advanced business combination issues such as exceptions to general guidelines, noncontrolling interests, and measurement period adjustments. 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!