Bill Kimball

Bill Kimball
Bill Kimball has over thirteen years of experience in public accounting and provides audit and assurance services to both public and private businesses in a variety of industries including petrochemical, healthcare, hospitality, restaurants, not-for-profit, settlement trusts and employee benefit plans.
5 Ways Debt Can Make You Money

5 Ways Debt Can Make You Money

August 31, 2023

Arrangers will distribute most IMs—along with other information related to the loan, pre- and post-closing – to investors through digital platforms. Leading vendors in this space are Intralinks, Syntrak and Debt Domain. A “club deal” is a smaller loan (usually $25 million to $100 million, but as high as $150 million) that is …

Can A Capital Loss Carry Over To The Next Year?

Can A Capital Loss Carry Over To The Next Year?

August 31, 2023

If the selling price is more than the tax basis, the result is a capital gain. If the selling price is less than the tax basis, the result is a loss.

Calculation of the company’s deferred tax asset would include a $200,000 NOL carryforward ($5 million total NOL—$4.8 million used NOL carryforward), which could be used after 2022. Net …

How To Calculate Contribution Per Unit

How To Calculate Contribution Per Unit

August 31, 2023

If the Executive desk takes 15 minutes to paint, we can make 4 per hour (60/15). Multiply the number of desks that can be made each hour by the contribution margin per desk.
The break-even point is the minimum number of units you must sell to account for production costs and all other fixed costs. Assume that you are a nursery, and …

Taxpayer Definition & Meaning

Taxpayer Definition & Meaning

August 31, 2023

When filing undermarried filing jointlystatus, couples can record their respective incomes and deductions on the same tax return. A joint tax return will often provide a biggertax refundor a lowertax liability. State and local revenue agencies are responsible for implementing and enforcing localized taxes such as sales taxes and property …

Cash Flow Statement Explained

Cash Flow Statement Explained

August 31, 2023

For example, when we see $20,000 next to “Depreciation,” that $20,000 is an expense on the income statement, but depreciation doesn’t actually decrease cash. The cash flow statement takes that monthly expense and reverses it—so you see how much cash you have on hand in reality, not how much you’ve spent in theory. …