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August 27, 2009

Publisher's Note
The British government issued guidelines for civil servants using Twitter. To explain the service, which transmits messages of no more than 140 characters, the government published a 20-page document. Governments and bureaucracies tend to overdo it at times, don’t they? Can anyone say “tax code?”

As we slide into autumn, perhaps it’s a good time to take stock and look at ways to simplify. Or, you could post a 20-page document by the office coffee maker on “How to Brew Coffee.” Good luck with whichever direction you choose.

Rob Nance
AccountingWEB, Inc.

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Questions & Advice

Is Earning before tax and Earning before tax including Non-controlling interest the same?
I would like to know is Earning before tax and Earning before tax including Non-controlling interest the same?
Share your ideas!

Deferred Income
I have a scenario whereby we are passing on support contracts with the sale of IT hardware. The support contract is not managed through ourselves, but the manufacturer of the hardware. We are merely passing through the costs, and making a small margin whilst doing so. Can I assume that I should still treat this as deferred income, even though the contract isn't actually with us?
Offer your suggestions!


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