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Helpful Tips for Any Small Business to Prepare for ASC 606

On December 15, 2018, all small businesses were instructed to implement Accounting Standard Codification to file their 2019 income taxes. This change requires some preparation because it completely revamps the current revenue reporting guidelines. The new standards are used for accounting revenue from customer contracts across all industries. However, it does not apply to financial […]

The post Helpful Tips for Any Small Business to Prepare for ASC 606 appeared first on SmallBizClub.

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