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What Is a Recasted Profit & Loss?

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Small Business » Finances & Taxes » Profit & Loss Statements » What Is a Recasted Profit & Loss? Vincent Murphy Business Broker  Related Articles 1 Matching Concept Vs. Accrual Accounting 2 The Accrual Method of Accounting for Nonprofits 3 How to Determine Assets and Expenses for Accrual and Cash Accounting 4 Does a Cash Basis S Corporation Have Retained Earnings? Many small business owners use cash accounting instead of accrual accounting. In addition, they often run a number of personal expenses through their companies or ratchet up their contributions to company retirement accounts to increase their retirement savings and reduce their current taxes. Because of this, it is sometimes necessary to recast earnings. When you recast earnings, you adjust the earnings to reflect accrual methodologies or remove the impact of the additional expenses. Recast To recast is to cast anew or to reconstruct. When you recast earnings, you ...
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V incent Murphy Business Broker Murphy Business Sales 9 Faunbar ave Winthrop MA 617-892-4554 bizbrokermurphy@gmail.com IBBA Member Vincent D Murphy Letter From The Chair WARREN BURKHOLDER, IBBA CHAIR Get It & Share It When asked ‘What Does the IBBA Do?’ I am reminded of the overarching end, or objective of the IBBA, that says it exists so that business brokers, advisors and intermediaries within the Main Street business brokerage profession have access to like-minded members and groups, whereby they receive professional support, services and benefits and where the value the Members receive far exceeds the cost to them. This is further defined as: Having access to the most relevant and advanced Main Street educational opportunities. Being part of a network of business brokerage professionals which are aware of each other, regularly communicate with, and learn from each other. Education comes from two options, the self-taught school of c...
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Selling your business in the Boston MA area. Vince Murphy Business Broker we have Brokers in most major metro areas and States to assist you

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Murphy Business & Financial Corporation LLC We are one of the largest and most successful business brokerage firms in North America with offices conveniently located throughout the United States and Canada. Murphy Business provides both clients and business associates with the highest standards of professional service and unmatched performance in the sale of privately held businesses, mergers & acquisitions, franchise sales, business valuations, machinery & equipment appraisals, commercial real estate and business consulting. With the team at Murphy Business, you can be assured you are represented by outstanding, experienced and knowledgeable professionals who will provide you with sound financial, strategic and tactical implementation to achieve a successful transaction. Know More..  Contact Vincent Murphy Business Broker Intermediary BusinessBrokerVinceMurphy.com  The first broker I ever worked for said, "Every deal you have will die at least 5 ...
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