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Financial Statements: What Lawyers Should Know — 2.1 New Jersey General Credits

During this one-hour forty-five minute program, recorded November 1, 2023, Dr. Bart Basi, Esquire describes key financial and accounting aspects of a business. Dr. Basi's explanation of financial and accounting methods and terminology will better prepare you to provide advice to your business clients. He clearly explains the different accounting methods and their importance, why accounting methods help business decisions, the difference between indirect costs vs. direct costs and why they are important to a business, and deductions allowed in a business.

Dr. Basi has expertise in the areas of financial accounting, business succession, business valuation, mergers and acquisitions, retirement and estate planning, strategic planning, and tax aspects of business decisions for closely-held and family businesses. He speaks nationwide, writes, and researches on all of these areas. He has written five books, fourteen workbooks, over 300 articles, and has worked with hundreds of businesses and associations. Dr. Basi is the author of "The Tax Report," a bi-monthly report on income and estate tax matters for closely-held businesses, "Accounting and Taxes," a monthly column distributed to individuals and trade journals, and the "Tax Advisory," a monthly advisory for closely-held and family businesses.

Major topics include:
Methods of Accounting
- Financial Accounting
- Managerial Accounting
- Cost Accounting
- Tax Accounting
Understanding Business Operations
Direct vs. Indirect Costs
Common Deductions
- Qualified Business Income (QBI) Deduction
- Business Meals
- Home Office
- Vehicles
- Depreciation

FORMS: For fully-editable, immediately downloadable forms in many practice areas, please go towww.NLFforms.com

BOOKS FOR LAWYERS: Over 125 useful books on important legal issues facing attorneys are available for immediate download at www.NLFforms.com. (Reading books without also listening to or viewing a recorded seminar earns NO CLE credits.)