Deferred Tax Assets (DTA) in accounting Some deferred tax assets are a direct result of your business’s accounting model, as they can arise where revenue is recognised as income but is not taxable or where the accounting period is misaligned with the tax period. What is DTL? Home » AccountingRead More →
The balance sheet is based on the fundamental equation: Assets = Liabilities + Equity. As such, the balance sheet is divided into two sides (or sections). The left side of the balance sheet outlines all of a company’s assets. Do assets and liabilities go on balance sheet? Assets are whatRead More →
US situs assets generally include real and tangible personal property located in the US, business assets located in the US, and stock of US corporations. The definition of US situs assets may be modified by an applicable estate and gift tax treaty. Do ETFs own the underlying assets? Like aRead More →
It’s very possible to have a negative net worth. This means you owe more money than assets that you own. What causes negative tangible net worth? Deficit net worth occurs when the values of liabilities are greater than the value of assets, leading to net debt. Such negative net worthRead More →