Category Archives: Bookkeeping

How to Calculate Sales Tax

Content Calculating sales tax at time of purchase: Sales Tax Calculation and Formula Stay on top of tax compliance How to Calculate US Sales Tax What is the purpose of sales tax? Learn How to Calculate Sales Tax to Meet Your Small Business Requirements Do You Need to Charge Sales Tax? A sales tax is[...][...]

What is a depreciation tax shield?

Content Main tax shield valuation theories Ways to Lower Your Taxes This Year Relevance and Use of Tax Shield Formula Tax Shield Formula Cost of capital is measured by weighted average cost of capital before tax according to Eq. A tax shield will allow a taxpayer to reduce their taxable income or defer law firm[...][...]

Double Declining Balance Depreciation Examples, Guide

Content What is the approximate value of your cash savings and other investments? Importance of Double Declining Balance Method Double declining balance example Why Use the Double Declining Balance Method? What Is the Double-Declining Balance (DDB) Depreciation Method? Accelerated Depreciation US GAAP and IFRS allow the double declining balance method to be a valid depreciation[...][...]

What is the Open Decision Framework?

Content Six Ethical Lenses You’re Using ChatGPT Wrong! Here’s How to Be Ahead of 99% of ChatGPT Users Using argumentation to obtain and explain results in a decision support system frameworks for collective decision making Why does your team need a decision making framework? Arguing about preferences in group decision-making Go/No-Go Decision Making Also, the[...][...]