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What is a deferred tax asset?
Has your business overpaid tax or made tax payments in advance? If so, you likely have deferred tax assets. This is a line on your balance sheet which reduces your future taxable income.
Tax Agent Services Guide
If you are like most people, when you hear of a tax agent, you probably think of an accounting professional who can assist you with lodging your tax return. This is true, to an extent. While there are many tax agents whose sole skill-sets are taxation and tax law, there are also those whose knowledge…
Bookkeeping for real estate agents
It’s estimated that real estate agents spend an average of 10 hours per week recording, organising and processing their financial transactions. Accounts receivable and payable, employee salaries, expense receipts and invoices all need to be kept in check. With so many other duties and requirements, more and more real estate agents are turning to professional…
Asset Management Strategy
Did you know that approximately 80% of employees waste at least 30 minutes a day retrieving a piece of information that is vital for their daily tasks? When accumulated, this wasted time can amount to a full working day every three weeks. Highly effective businesses must have rapid and smart access to critical assets and…
Other Insights from Pherrus
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What is a deferred tax asset?
Has your business overpaid tax or made tax payments in advance? If so, you likely have deferred tax assets. This is a line on your balance sheet which reduces your future taxable income.
-
Tax Agent Services Guide
If you are like most people, when you hear of a tax agent, you probably think of an accounting professional who can assist you with lodging your tax return. This is true, to an extent. While there are many tax agents whose sole skill-sets are taxation and tax law, there are also those whose knowledge…
-
Bookkeeping for real estate agents
It’s estimated that real estate agents spend an average of 10 hours per week recording, organising and processing their financial transactions. Accounts receivable and payable, employee salaries, expense receipts and invoices all need to be kept in check. With so many other duties and requirements, more and more real estate agents are turning to professional…