First, Amortiseation of Goodwill-- I realise this really isn't a charge per se but, I have read up on it online and to be honest I don't really understand it well enough to know how to include it on my projections. What is it and how to I work out how much to charge.
Second, Depreceation--How do I calculate deprecation? Is there are formula or do I guess?
This is a complex accounting process, I just remember a little bit about it from studying accounting.Could be wrong. Its to do with buying companies.First, Amortiseation of Goodwill-- I realise this really isn't a charge per se but, I have read up on it online and to be honest I don't really understand it well enough to know how to include it on my projections. What is it and how to I work out how much to charge.
Again depreciation is an accounting term to reduce the value of assets. It does not affect your day to day accounting and needs to be added back when calculating profit. You then use capital allowancesSecond, Depreceation--How do I calculate deprecation? Is there are formula or do I guess?
It depends on the asets, doubt if a bank would do this.Someone has said to me that I should try to get the bank to buy the company assets for a nominal price and lease them to the company instead of getting a regular bank loan. Is this a good idea? Do banks go for this?
Only interest paid on loan can be used in the P&LHow do I charge the loan/leaseing payments to the account? I notice that on the last year's P&L there's just a charge for interest not the full loan payment. Why is that?
You need to ask the accountantNext, How are accountant fees calculated? We are buying two companies and want to amalgamate them, I am trying to cost this accountant fees. The P&L accounts for the last year show 3000 per company what kind of discount can I expect if they were just one company?
[broken link removed]Is Emplyer's PRSI just 8.5% of gross wage bill?
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