Tag: accounting

Private company GAAP accounting implementation dates delayed for revenue recognition and leases

Two accounting standards which can be costly to implement and have given many business owners  angst have received delayed effective dates. The first is the Revenue Recognition Standard, which many private companies have already adopted because the current effective date...

Manager Karla Harrington is now a QuickBooks Certified ProAdvisor

ShindelRock Manager Karla Harrington was recently certified as a Quickbooks Certified ProAdvisor! A QB ProAdvisor is a QuickBooks accounting pro who can provide strategic insights to drive small business success. ShindelRock tax and accounting professionals use their expertise in both...

Understanding constructive receipt of income under cash basis

The method of accounting you use largely determines when you get to take deductions and have to recognize (and pay tax on) income. Most individuals and small businesses use the cash basis method of accounting. This method is based on...