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Showing posts with the label James Liggett CPA

James Liggett CPA: Pioneering Excellence in Accounting for Over Three Decades

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Meet James Liggett, an esteemed certified public accountant whose illustrious career spans more than thirty years. Holding a coveted license to practice in New York, James Liggett CPA has garnered widespread recognition for delivering unparalleled accounting, audit, and management consulting services to a diverse array of clientele. With a wealth of experience spanning private industry, corporate consulting, and public accounting, Liggett stands as a beacon of trust and reliability for both public and privately-held companies.

What Expenses are Deductible for a Company?

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In the United States, companies have deductible expenses which can be subtracted from the taxes payable on the tax return. All of them are related to the performance of any business and must justify their validity by means of an invoice and presented in a timely manner.

What is an Audit and Why It is Important for a Company?

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The audit plays a very important role in a company : it review s the accounting, administrative, labor, etc. procedures of a company and verifies that certain previously established criteria are met. James Liggett CPA , who has decades of experience in this field, define s the concept of auditing as the process by which a company or independent professional (auditor) is hired to collect accounting information. T his information , as specified by Liggett CPA is valuable to verify that the company being audited has complied with the accounting standards.  

The Importance of Modernizing Public Accounting

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  Did you know that the total equity in private assets in the world in 2015 reached an impressive US $ 250 trillion? It's hard to imagine such amounts without literally losing count. In order to avoid this from happening, it is of paramount importance to have a public accounting system capable of maintaining these amounts in an orderly and transparent manner. The average wealth for each adult on this planet is estimated to be about US $ 52,000, a figure that, as you can imagine, varies greatly, depending on the region, between US $ 4,500 and US $ 342,000 per capita, in the case of the richest on the planet. As a Certified Public Accountant , the first question that occurs to James Liggett CPA when looking at these figures is: how much is public assets? The reality is that there is still no answer to this question, since most countries have incomplete public accounting, which is still in the process of transition to equity accounting that reliably incorporates the current values...