EisnerAmper
Taxes
Accounting & History
Definitions
100

The Partner-in-Charge for the Israel division

Who is Edo Pollack?

100

In the United States, this is the day on which individual income tax returns are due to be submitted to the federal government. This day typically falls on April 15.

What is "tax day"?

100

A calculation tool used by sliding counters along rods or grooves, used to perform mathematical functions.

What is an abacus?

100

The total amount of money earned before any deductions or exemptions.

What is Gross Income?

200

The CEO of EisnerAmper Advisory Group

Who is Charles Weinstein?

200
A document used to describe the incomes, losses, and dividends of a business's partners or an S corporation's shareholders.

What is a K1?

200

They are:

(1) debit all expenses and losses, credit all incomes and gains

(2) debit the receiver, credit the giver

(3) debit what comes in, credit what goes out

What are the "golden rules" of accounting?

200

A professional examination of a company’s financial statement by a professional accountant or group to determine that the statement has been presented fairly and prepared using GAAP. 

What is an audit?

300

This cloud-based system makes it easier for accountants and tax professionals to track and manage their tasks.

What is XCM?

300

A tax document used to declare the profits, losses, deductions, and credits of a partnership.

What is a 1065?

300

The earliest recorded civilization to keep accounting records, some 7000 years ago.

Who are the Mesopotamians?
300

An accounting method for spreading out the costs for the use of a long-term asset over the expected period the long-term asset will provide value.

What is amortization?

400

Sustainable, Important, and Highly Visible

What is EisnerAmper's strategic vision?


400

Several tiers of income/loss allocations that define the priority in which partnership items of income/loss are to be allocated.

What is a Tax Waterfall?

400

A legendary banker and financier, born in 1837, who started his career as an accountant in 1857. After working for many businesses, he founded his own company- which is still thriving to this day.

Who is J.P. Morgan?

400

The national professional membership organization that represents practicing CPA's.

What is the AICPA?

500

July 31, 2021

When did Towerbrook Capital Partners partner up with EisnerAmper?

500

A tax-free transaction when: one or more persons transfer property to a corporation, solely in exchange for the corporation's stock, and. immediately after the exchange, the transferor, or the transferors as a group, control the corporation.

What is a Section 351 Transfer?

500

The Italian monk that laid the groundwork for modern accounting. Commonly known as “the father of accounting,” he published a textbook called “Summa de Arithmetica, Geometria, Proportioni et Proportionalita” in 1494.

Who is Luca Pacioli?

500

A fixed place of business that generally gives rise to income or value-added tax liability in a particular jurisdiction.

What is Permanent Establishment?