This fund simply acts as an assurance that the client has enough availability of funds to pay for the service. Once their service is completed, they can transfer this fund from trust accounts to their operating account. Lawyers must stay in compliance with trust accounting IOLTA when they are choosing a […]

For instance, if it costs $5 in raw materials to produce one unit, producing 100 units will cost $500 in raw materials, while 200 units will cost $1,000. Process costing is appropriate for companies that produce standardized products in large quantities. Since the products are very similar in nature, different departments […]

Section 4958 doesn’t apply to any transaction occurring pursuant to a written contract that was binding on September 13, 1995, and at all times thereafter before the transaction occurs. The special rules relevant to transactions with donor advised funds and supporting organizations apply to transactions occurring after August 17, 2006, except […]