Ten-year-old Xero, a cloud-based accounting software firm for small business, is just getting started on its core mission to turn it into the online business platform for the world, CEO Rod Drury said in a London interview late last week.
A surprising number of business owners don't know bookkeeping very well and have a tenuous grasp of the money flowing into and out of their businesses.
A reverse 1031 exchange enables the taxpayer to acquire the replacement property before selling the old or relinquished property. Prior to Revenue Procedure 2000-37, a reverse 1031 exchange was not recognized under Internal Revenue Section 1031(a)(3).
When preparing the first edition of the Uniform System of Accounts for Hotels in 1926, the Hotel Association of New York City set out to establish a uniform “responsibility accounting system” for the lodging industry.
