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what is Corporate Laws, Tax Professionals as CA/CS/LLB

 
 
Reply Fri 21 Oct, 2016 05:29 pm
income tax, efiling income tax, income tax return, itr, income tax refund
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Type: Question • Score: 1 • Views: 214 • Replies: 5
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cicerone imposter
 
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Reply Fri 21 Oct, 2016 08:58 pm
@itrtoday,
CA: Certified Accountant
CS: Creative Solutions
LLB: Limited Liability Business
roger
 
  1  
Reply Fri 21 Oct, 2016 09:09 pm
@cicerone imposter,
cicerone imposter wrote:


CS: Creative Solutions



There you go. I once heard that people wanted their lawyers to be young and aggressive, and their accounts to be creative.
cicerone imposter
 
  1  
Reply Fri 21 Oct, 2016 09:14 pm
@roger,
I worked as an Accountant during my working days, and we used to call making creative adjustments, "scientific adjustments." They all fell under GAAP (Generally Accepted Accounting Principles.)
roger
 
  1  
Reply Fri 21 Oct, 2016 09:40 pm
@cicerone imposter,
I have too. Missing a statement showing accrued income, so next month's statement is slightly higher. The difference is the prior month's interest income. That's really what creative accounting amounts. Still, it does sound suggestive when you say Creative Accounting.
cicerone imposter
 
  1  
Reply Fri 21 Oct, 2016 09:52 pm
@roger,
As a Controller for a retail business, I converted them into 13 4 week accounting period to keep track of sales and labor costs. It really helped during the holidays and Christmas sales season. I also converted them into a standard cost system and from a manual to computerized accounting. The owner had empty lots in Cupertino, so I advised him to convert that empty lot into a commercial building. Guess what? Apple was just starting, and they rented his property. After awhile, I was twiddling my thumbs, so I asked him if it would be okay if I put him on a fee basis rather than full time, and he said okay. That's when I started my consulting business, and made good $$$$ until my early retirement.
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