Waching daily Aug 1 2018

hey it's patti scharf CPA and co-founder of catching clouds the leader in

e-commerce accounting today I want to talk about whether or not the 2018 tax

law changes effect when you can deduct your inventory I've been asked this

question over and over and over this year and I think there's a lot of

confusion around the topic in fact I've even talked to other CPAs and there are

mixed answers so I'm gonna give you my opinion and kind of walk you through the

my thought process and stuff and hopefully it will will help clear some

of the confusion okay but before we get started I want to say that I have done

taxes for years but I also have not done taxes in years so make sure that for

your own personal situation you go talk to your own tax adviser

okay so let's get started why do you even care about this like what's what's

the whole point of knowing when you deduct your inventory so let's say

you're selling online and use you sold a million dollars this year and this year

you also went and spent four hundred thousand dollars on product so you

bought a whole bunch of product you went online you sold it you might have some

left over chances are if you're selling that much you probably have some left

over so knowing how much you can deduct it means like if you can deduct the

whole thing then your taxable income is six hundred thousand dollars just for an

oversimplification for this example taxable income would be

six hundred thousand dollars if you can't deduct any of it your

taxable income is a million dollars so that four hundred thousand dollars of

income that you get taxed on is a pretty big deal

the other reason you want to know is when you have a good handle on how much

inventory you're able to deduct you can start paying attention to whether you're

making profit on your specific sales because you don't want to be in a

position where you are losing $1.00 per sale because you know you can't make

that up on volume it just like drowns you faster okay so so that's why you

care about when you can deduct your inventory so what is inventory and I

feel like you can't really talk about inventory without talking about cost of

goods sold those two go hand-in-hand inventory are those product purchases I

was just talking about so if you bought 400 thousand dollars worth of product

that becomes inventory it stays inventory until you sell it when you

sell it that's called writing it off it's called

expensing it it's called a deduction it is your expense so the four hundred

thousand dollars becomes cost of goods sold inventory and cost of goods sold

are seasaw amounts you spent four hundred thousand dollars no matter which

way you look at it but maybe you have three hundred thousand dollars still in

inventory and you sold a hundred thousand or maybe you sold three hundred

thousand and you still have a hundred thousand left in inventory these two

amounts always balance out and match the amount

that you spent in cash the next concept you need to know about us cash versus

accrual these are two different accounting methods I did a whole video

on how to determine cash versus accrual so go check that out if you aren't

familiar with it now let's go on to the 2018 tax law changes now the biggest

change and this is what has everybody kind of in an uproar is the gross

receipts test now what this is is it says hey here's what it used to be hey

if you have five million dollars in gross receipts so basically you've

collected five million dollars from your customers or more then you have to be

accrual basis which means you have to record everything on the accrual method

if you're under that if you're a small business you can use the cash method

it's easier you don't need to worry you're pretty look pretty little head

about it okay it was actually the limit was 1 million if you're an inventory

based retail business so there are a lot of people that were like right at that

million mark or just above and they were having to file using accrual based

method and they're kind of grumpy about it ok so what happened with the tax law

changes is that the limit got bumped up to 25 million dollars so that's a pretty

big jump and a lot of people who are right in between that million and 25

million when yeh now I can be cash basis and so everybody's thinking yay I can

now deduct my inventory when I buy it not as products are sold because I'm on

cash basis and so that's how that works the problem is in this in this new law

it says if you have non incidental materials and supplies so things that

aren't really your core product that you're selling maybe it's a sleeve that

you know you include for packaging or you know it's not really what the person

is what your customers buying it's just part of the fluff around it

that stuff yes you can deduct it or it says it follows the taxpayers method for

financial statement purposes so what does this mean

when I first heard this and people were like yeah I get to just deduct whatever

I want to when I buy it just in my gut it just doesn't feel right because the

nature of cost of goods sold is it is literally cost of goods that are sold so

if you don't sell the goods there's no cost related to them so I really in my

heart think that this change of threshold saying above this your accrual

basis and below at your cash basis has nothing to do with the amount that you

record as cost of goods sold basically your cost of goods sold just

has to match up with whatever method you're choosing for your income so if

you're reporting your income in 2018 the costs related to those sales needs to be

included in 2018 if you are reporting income in 2019 the costs related to that

income needs to be reported in 2019 you can't like mix and match that way it's

just not what the nature of cost of goods sold is in my opinion with that

said I asked a whole bunch of accounts because I heard a lot of sellers saying

oh well I talked to my CPA and they said yeah that's legit and I'm like okay well

I'm not signing your tax return so do whatever you feel comfortable with but I

just don't think it's right I've heard that there's going to be more

clarification coming on or maybe people are just hoping that there's gonna be

more clarification about this but I think there's some confusion out there

about when inventory can really be deducted I would argue that this these

new tax laws changed nothing and you just have to report your cost of goods

sold when the goods are reported as income others may have another opinion

if you have another opinion and a good argument why go ahead and leave a

comment down below I think this is an

interesting case and I think it's weird so I think it's worth discussing I like

to discuss weird things so I guess that's it I hope you found this video

helpful if you did please like comment and share if you haven't already please

subscribe and I'll catch you later

For more infomation >> Do the 2018 Tax Law Changes Affect When You Can Deduct Inventory? - Duration: 7:57.

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tassels लगाने का सही तरीका / tassels design(latkan) - Duration: 4:24.

Know the correct way to apply the tassels

Often, most people use tassels by putting a knob which is a wrong way

Here's the right way.

First of all, take the thread of bean color.

The tassels will get stuck inside the tassels

Will take double thread

And attach these two together in round.

You can also attach both of these to the last. You can also use different color thread here.

Here, the thread is tied with a knot.

This method is right to apply tassels

And here's a little bit less tassels with a contrass thread. The bean is the same process.

Here I have attached the color of the blouse using the thread and you can use it like this.

Or you can use golden thread as per your choice, which are easily available in the market or to create an aggressive market, you are getting such a variety from the market which you can use to attach in the same way.

वीडियो लाइक जरुर करें

For more infomation >> tassels लगाने का सही तरीका / tassels design(latkan) - Duration: 4:24.

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Thủ tục cần thiết sang tên, đổi chủ xe ô tô cũ - Duration: 5:33.

For more infomation >> Thủ tục cần thiết sang tên, đổi chủ xe ô tô cũ - Duration: 5:33.

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Here I Am, The Servant of The Lord - WYD Panama 2019 (Alternative Rock Version) - Duration: 3:54.

As Your pilgrim people, we are gathered here today

From every continent and city

Longing to be true servants of the Lord

Proclaiming Your Word to every nation

Teach us to say YES! as Mary did that day

That Your Will be done

Here as in Heaven!

Fill our hearts with songs - of joy and gladness

Let all the earth stand up and praise You!

Here I am, the servant of the Lord

Speak Your Word in me and let Your Will be done

Here I am, the servant of the Lord

Speak Your Word in me and let Your Will be done

Your chosen ones, we are,

Sent out to do Your Will

Your sons and daughters, we are

To be like Your Mother, surrendered to Your Will

A pilgrim Church called and anointed

As Your young disciples we'll witness to the world

With joy and faith live our vocation

Here I am, the servant of the Lord

Speak Your Word in me and let Your Will be done

Here I am, the servant of the Lord

Speak Your Word in me and let Your Will be done

Do not be afraid. No, do not fear

The Father's arms are open

Like Mary who said 'yes'

And served the Lord

Let now His Will be done in you

He aquí la sierva del señor

Hágase en mi Según tu Palabra

Here I am, the servant of the Lord

Speak Your Word in me and let Your Will be done

Here I am, the servant of the Lord

Speak Your Word in me and let Your Will be done

Here I am, the servant of the Lord

Speak Your Word in me and let Your Will be done

For more infomation >> Here I Am, The Servant of The Lord - WYD Panama 2019 (Alternative Rock Version) - Duration: 3:54.

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Making It - The First Goodbye (Episode Highlight) - Duration: 2:36.

For more infomation >> Making It - The First Goodbye (Episode Highlight) - Duration: 2:36.

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зарядка детская видео для детей | утренняя гимнастика - Duration: 15:35.

For more infomation >> зарядка детская видео для детей | утренняя гимнастика - Duration: 15:35.

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Making It - Real, Live Memories (Episode Highlight) - Duration: 1:26.

For more infomation >> Making It - Real, Live Memories (Episode Highlight) - Duration: 1:26.

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[UNBOXING FANSITE] [ENGSUB CC] IADORECHUU'S GOODS - Duration: 4:00.

Hello~~~~

I'm MẮM~

I'm QA~

So today we will unbox IADORECHUU goods set by-

idk the masternim nameee

Oh no it's not a masternim it's a-

in Thailand

it's just like a twitter account who produces BTS goods~

Ok :))

Oke, this one~

So I've used it before hand already,

what is it? Ah it's a pouch?

Pencil..Pencil case! Pencil case :))

Love Yourself

It's black in the background and-

WHAT

IT'S DARK BLUEE-

Navy, navy color :")))

And pink~

...Ya pink :3

Yea I'm not colorblind this time :)))

Love Yourself~

Open it up~

It doesn't have any pocket or anything just normal~

Let me see the heart,

the heart at the bottom

I think it's the-

logo

Adore ah ah adore in the iadorechuu ok:>>

Oke next~

2 Phone cases~

Why is it not focusing >:(

Ah ok nvm

They are the same design~

1 is Iphone 6+,

and this is A5 samsung~

I'll open this first~

There are many other cases~ This is just one of their designs, the moonchild case :3

Moonchild is Tae or RM..?

Moonchild is RM,

the rap in 4'o clock said so :> Ah ah okok

So there's a sticker here~

So it says,

'Please kindly review, iadorechuu'

Review, review is like a feedback to the shop~

It also came with a card~

A very cute BT21 card :3

Eh put it here

Here, here is the middle :>>

Koya :3

The back

What do u call these?

Uh..uhh

AH! AH! CONSTELLATIONSS

Ah constellations ok :)))

Both sides have the heart~

Ya the logo~

This is the case~ It's main color is-

the main color is purple gradient to pink okay guys~

The words..Moonchild and the heart logo~

Ah and it have the-

What is it@@? It's something :"))

At 4 edges :")))

Ok then it's just the design :")))

Eh try to put it on- ah u don't have the phone here...

ㅋㅋ *we're srry omg :")))*

This set is also the same, here is the sticker *she mean card :")*

What sticker this is the card :))

Ah ah sry sry :))

Shooky~ Card shooky

And sticker is the sticker RJ~

Okey~

Move on~

Why is it not focusing :"))

What is this?

Canvas...uh

Canvas bag!

Canvas bag~

This is like a totebag~

Sticker Shooky~

And also stickers in here too~

There's a-

also a sticker but what does it says on here..?

Ah social media~

Oke, so like the link of the masternim or sth...

AH ah I mean the link of the account, the Twitter link of the account who made these yeah :)))

So here~

2 stickers~

Sticker yea stickers~

This is Tata and Mang~

In space~

Space :3 Astronaut :>

We spoke too much English :"))))

This is,

Navy too~

The color is the exact same as this one~

The exact same~ It just doesn't have these patterns~

It's just plain like this~

Love~

The 'V' was not use but instead the hand heart~

And yourself~

Oke the back is there anything there?

There's nothing~

Oke it's just plain~

Is there any pocket inside or anything?

Is there anything?

Nah~ There's nothing in here~

Oke there's nothing inside, it's just normal like a bag without any pocket :")))

It doesn't have any pocket oke~

This is :))) the end:))

This is all we've got~

There are plenty more designs, which are very beautiful but-

we only got these~

We're broke :")

The others over there

Oke~

2,3!

Byebyeeeeee~

For more infomation >> [UNBOXING FANSITE] [ENGSUB CC] IADORECHUU'S GOODS - Duration: 4:00.

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Khi soái ca soái tỷ thả thính bọn Faaa 😉 Tik Tok Trung Quốc - Duration: 5:11.

For more infomation >> Khi soái ca soái tỷ thả thính bọn Faaa 😉 Tik Tok Trung Quốc - Duration: 5:11.

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Fortnite Thumbnail Template | FREE TEMPLATE - Duration: 0:26.

top visuals

For more infomation >> Fortnite Thumbnail Template | FREE TEMPLATE - Duration: 0:26.

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ПУЛОВЕР КРЮЧКОМ. РАЗБОР УЗОРА+СХЕМА+ВЫКРОЙКА || PULLOVER CROCHET. PARSING THE PATTERN+SCHEME+PATTERN - Duration: 37:12.

For more infomation >> ПУЛОВЕР КРЮЧКОМ. РАЗБОР УЗОРА+СХЕМА+ВЫКРОЙКА || PULLOVER CROCHET. PARSING THE PATTERN+SCHEME+PATTERN - Duration: 37:12.

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Những câu chuyện không muốn nghe về Du học Nhật Bản 2018 - Duration: 8:13.

For more infomation >> Những câu chuyện không muốn nghe về Du học Nhật Bản 2018 - Duration: 8:13.

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ARTIFACTS HOW TO FIND, HIGHEST VALUE, DROP CHANCE & MORE NMS NEXT - Duration: 8:15.

Howdy folks, today we're going to go over the mysterious and potentially lucrative subject

of Artifacts in No Man's Sky NEXT.

How it all works, and therefore how to best find them via where and how to look as well

as what the smallest and largest values they can generate at.

So, first off, Artifacts are those buried treasures worth a whole butt load of units,

or at least were, well kinda still are, but we'll get to that in a bit.

You can find them in a chest buried around ruins on planets.

First, you find an Ancient Ruin or an Ancient Plaque, you can do this a few different ways,

the easiest provided you have the Navigation data is to use a signal booster to search

for 'Artifacts'.

Searching for Artifacts with a Signal Booster will give you one of 3 different things, an

Ancient Ruin, an Ancient Plaque or a Monolith, and once it's given you a waypoint for all

3, it won't give you anymore until you've knocked off one of the waypoints by visiting

it, though it will still keep taking your navigation data for the attempt.

In case you're unaware, a Monolith is what you would want if you wish to locate a planets

portal, you scan for it, or just look for one while flying over, land and interact with

it, give it a race-specific item based on who inhabits the system and blamo, portal

waypoint.

The items in question are Vy'keen Dagger, Korvax Casing and Gek Relic, I think it's

fairly obvious where you use which.

But back to going all Indiana Jones and such.

If you are having trouble finding Navigation Data, which can be purchased from some vendors

or found in the wild at glowing red cubes on pedestals, then you could also ask for

directions to get an observatory, which will give you the location of one of these after

completing a puzzle, or just go into 3rd person and find it by eye, but finding it by eye

could quite easily take an hour.

So you will want to get Ancient Plaque and Ancient Ruin, go to one of them, it doesn't

really matter which as you'll use both, then interact with the circular platform there,

some crazy mumbo jumbo about ancient folk will come up on the screen and give you 2

options.

They're both all about seeking knowledge, you want the knowledge of the past as the

other option will just give you some words.

After seeking the knowledge of the past, it will give you a waypoint of a treasure chest

to some other ruins, but these are special ruins.

At this new ruin site, you can find small chests dotted around with an item inside called

'Ancient Key', you need to pick up 3 of them, though there are usually 4-6 buried around

the site, and then in the middle of the site just under the surface there is a large treasure

chest which you will need 3 of the keys to open.

Inside is your treasure.

Now, to find more, do not place your signal booster back down there and then, it will

just give you new waypoints to the nearest Plaques and Ruins that will just point you

back to this one you just looted.

At the very minimum, you need to go to the other side of the planet, or at least very

far away, and then scan again, if you want to play it safe, try a different planet, or

to be super safe, you do a different system via your teleporter, I'm fairly certain after

a while these will reset as your save likely does not track every one you've ever been

to, so having many systems you do this in and cycle, will likely be sufficient.

Now we know how to find them, let's go over how it all works.

The treasures that you find are all procedural, very much like the new tech modules you can

buy with nanites, only a fair bit more simple.

There are 7 different kinds of treasure, each of these different kinds of treasure has a

sort of small, medium and large, these different sizes have different ranges for the value

of the item and the flavour text.

6 of the 7 different types are identical in almost everything, for example, if you encounter

one of the 6 in question, there's a 40% chance it will be small, 40% chance at medium and

20% chance at large.

The small will be worth somewhere between 100,000 units and 200,000 units, the medium

between 400,000 units and 700,000 units and finally the large between 800,000 units and

2,000,000 units.

The small will say in the flavour text that it is between 200 and 500 years old, the medium

between 600 and 1,100 years old and the large between 1,400 and 3,000 years old.

The only differences between these 6 different types are the icon it will display, the way

it constructs the procedural name and the probability of finding that particular treasure

in any specific biome or star class system.

And then we come to the odd one out, this has different drop chances, with the small

being 10 instead of the standard 4, the medium being 6 instead of the standard 4 and the

large being 1 instead of the standard 2.

Not only that but the large of this one has a different value range, instead of 800,000

to 2,000,000, it is 800,000 to 1,200,000.

This is where I explain what I meant earlier when I said they used to be worth a butt load

of units, as that last number, used to have a typo, it used to be 20,000,000 as the maximum

for that range, just on that one, and the drop chances used to be the same as the others.

It's biome probabilities have not changed however as it is still the most common, only

now it is worth the least and even more probable for small.

All of those artifacts you heard about, even the one Semtexuk sent me a screenshot of worth

4.5 million, sadly, they can no longer be gained as in one of the recent patches, patch

1.52.1, the line 'Fixed a number of incorrect prices' can be found and as the previous file

with the typo was from 1.51, that is likely where the change was made.

I can certainly understand the downplaying of the change as, well, no one likes nerfs,

and no one actually lied, that particular fix covers more than this change, it covers

a number of fixes to prevent exploits.

But I actually liked this typo, I really like the idea of a super rare chance to get something

ridiculous, a 10% chance of something crazy if you put 50 hours into it is the kinda thing

I like, I didn't run Stratholme a few hundred times after that damn horse mount for nothing.

But either way the change has been made and in the crazy unlikely off chance that someone

from Hello Games ever watches this, I would request that maybe you don't add it back exactly

as it is, but add a little whimsey and hope for something stupendous, super low drop chances

are A-OK, provided the reward is magnificent.

So if we look at what we have, the minimum value of an Artifact is 100,000 units and

the maximum is 2,000,000 units, still pretty darn good for a few minutes hunting.

Now, with those probabilities, we can actually decrease our chances of finding those pesky

lower value ones, by looking in certain places.

System colour wise, Red, Green and Blue have equal probabilities, but yellow does not,

they are less likely in yellow, which means the lower value ones are more likely.

So, look in Red, Green or Blue systems, now for the Biome types, Barren have the worst

chance at the higher value, weird actually have the highest, but I think that's because

you don't find ruins on weird, unless things have drastically changed, so we can ignore

that one.

The best biome to search for these is definitely Lush, which has the same probably to find

3 of the 6 high-value ones as it has to find the low value, so essentially, search in Red,

Green, or Blue systems on lush planets for your Artifacts.

Toxic, Scorched, Radioactive & Frozen have the next best probability.

The actually specific probability to find them could be debated on what extent it is,

as this depends on how the numbers are calculated, if the different types are calculated and

then once that is decided, the drop chance of the small, medium or large within that

type is calculated, then you have a 75% chance of getting high value in a lush biome in a

Red, Green or Blue system, and 66% chance in the same system types on Toxic, Radioactive,

Scorched or Frozen Biomed worlds.

The 75 and 66% numbers apply to the small also, so if we look at the chance of getting

an 800 thousand units plus, it's 20%, or one that is between 800 thousand and 2 million,

it is 15%.

But, if the probabilities within each set are calculated as a total with the set biome

probabilities being a modifier, then your chances for higher value are much lower, but

the places you should look for them, remain the same.

And there you have it, everything you ever wanted to know about artefacts and a bit more.

I'm working on a few different guides for No Man's Sky at the moment, new stuff and

remaking some old guides that have changed since the update, so subscribe if you haven't

yet and want more guides and over the top explanations toward how the game works.

Have an awesome day folks.

For more infomation >> ARTIFACTS HOW TO FIND, HIGHEST VALUE, DROP CHANCE & MORE NMS NEXT - Duration: 8:15.

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The Little Match Girl 🍎🍎 with English Subtitles - Duration: 3:25.

Today we are going to read the story of "The Little Match Girl"

it was the last night of the year and while all families prepared for

sit at the table surrounded by rich delicacies on the street I was barefoot

she the young vendor of matches

the poor girl had been on the street all day

his little bones were clogged cold because of the snow and the worst of

everything is that I had not gotten even one single currency

matches matches do not you want a matchbox Lady?

but most of them passed by without even looking at it

He sat down in a corner of the street to shelter from the cold

His hands were red and almost I could not move them

then he remembered

I had the apron full of matches and he thought maybe he could light a

to try to warm up he lit it carefully and watched the beautiful flame

that came up in front of his eyes

suddenly appeared in the living room of a house

in which there was a large stove that it gave off a lot of heat

how good it was there but the match went out fast

and the stove disappeared with her

I'll try another one, the girl thought

this time he saw

in front of her a large table full of food

and he remembered the days he arrived without a mouthful

He extended his hand the table to try to take something to his mouth

and záz the match went out they were So beautiful the things that I saw every time

that lit one that did not think twice and lit a third match

Oh! exclaimed the girl with an open mouth Christmas tree so big and how many

lights is beautiful

he approached one of them to see it well and suddenly

all the little matchmaker disappeared he quickly searched for a new match and

turned it on again this time appeared from her the person to whom more

had wanted in the world was his grandmother granny that you wanted to see you

What are you doing here? Do not go please let me go with you I miss you

and aware that the match that had his little hand was about to

go out the little girl keep lighting matches

until he exhausted all he had left

moment in which the grandmother

he gently grabbed the girl from the hands and they also happily disappeared

Little girl stopped feeling cold and hungry and he began to feel enormous happiness within himself

the next morning someone happened next to the same place in the

that the little girl had sat down and found there surrounded by matches

shut down frozen motionless because of the cold

but with a huge smile on his face

poor dear! exclaimed someone when he saw her

but what nobody knew was that the little girl

He marched happily from the hand of his grandmother towards a better place

It's a bit sad this story ...

For more infomation >> The Little Match Girl 🍎🍎 with English Subtitles - Duration: 3:25.

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ASMR Eating Longan, Eggplant vs Lemon, Carrot vs Lime, TOBIKO, Sea Grapes, Aloe Vera Mukbang Party - Duration: 3:03.

ASMR Eating Longan, Eggplant vs Lemon, Carrot vs Lime, TOBIKO, Sea Grapes, Aloe Vera Mukbang Party

For more infomation >> ASMR Eating Longan, Eggplant vs Lemon, Carrot vs Lime, TOBIKO, Sea Grapes, Aloe Vera Mukbang Party - Duration: 3:03.

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Daily Current affairs |1 August current affairs in Hindi|PIB NEWS|rajysabha news|Current Affair Quiz - Duration: 8:03.

1 august current affairs

1 august pib current affairs

1 august the hindu current affairs

daily current affairs quiz in hindi

For more infomation >> Daily Current affairs |1 August current affairs in Hindi|PIB NEWS|rajysabha news|Current Affair Quiz - Duration: 8:03.

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K-pop groups with the most followers on 'V Live' - Duration: 0:37.

  Click To View Slideshow  SEE ALSO: Which currently airing Mon-Tues drama has the highest viewer ratings? misc

For more infomation >> K-pop groups with the most followers on 'V Live' - Duration: 0:37.

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Flowing Charging Lightning Cable - Duration: 0:26.

SUPER HIGH QUALITY

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TWO COLORS ARE AVAILABLE

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