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Property, Plant, and Equipment in the Balance Sheet

Below is a portion of Exxon Mobil Corporation’s (XOM) quarterly balance sheet from Sept. 30, 2018. A balance sheet must always balance; therefore, this equation should always be true. It is important to note that the preceding…

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What is a Tax Liability?

It’s relatively easy for someone to invest less to avoid a wealth tax, for example. It’s much harder for someone to pull up stakes and move their home to avoid a property tax. This difference…

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How Accounting Can Help Your Business Thrive

When filling in your self-assessment, your accountant will be able to identify every form and piece of evidence you will need to complete the tax evaluation. They will ensure that your totals are correct and…