All Posts By

Nicole Zeffer

Tax
May 8, 2018

A review of significant TCJA provisions affecting small businesses

Now that small businesses and their owners have filed their 2017 income tax returns (or filed for an extension), it’s a good time to review some of the provisions of the Tax Cuts and Jobs…
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Audit & Accounting
May 8, 2018

Effectively communicating with the audit committee

CFOs and other executives occasionally present information about the company’s operations, strategies and risks to the audit committee. Your presentation will generally be most effective if you fully understand the committee’s role, you’ve already established…
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Uncategorized
May 8, 2018

Profits: How low can you go?

If your profits are falling compared to revenue and assets, your financial statements may provide insight into what’s happening and how to improve your performance. Watch for red flags As you sell more and invest…
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Tax
April 23, 2018

Tax document retention guidelines for small businesses

You may have breathed a sigh of relief after filing your 2017 income tax return (or requesting an extension). But if your office is strewn with reams of paper consisting of years’ worth of tax…
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Uncategorized
April 20, 2018

TCJA changes to employee benefits tax breaks: 4 negatives and a positive

The Tax Cuts and Jobs Act (TCJA) includes many changes that affect tax breaks for employee benefits. Among the changes are four negatives and one positive that will impact not only employees but also the…
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Uncategorized
April 20, 2018

A net operating loss on your 2017 tax return isn’t all bad news

When a company’s deductible expenses exceed its income, generally a net operating loss (NOL) occurs. If when filing your 2017 income tax return you found that your business had an NOL, there is an upside:…
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Audit & Accounting
April 13, 2018

When should different accounting rules apply? Public vs. private companies

The Financial Accounting Standards Board (FASB) have often been criticized by small private companies for writing overly complex standards that focus on stakeholders needs in large public companies rather than “Main Street” businesses. Here’s how the…
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April Tax NewsletterState & Local Taxes
April 13, 2018

State and Local Tax – Something to think about… California Wildfire Credit

President Trump signed a Bill that provides a credit to certain California taxpayers located within the areas impacted by the recent California wildfires.  The bill is known as the Bipartisan Budget Act of 2018, H.R.…
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April Tax NewsletterEstate Planning
April 13, 2018

Estate Planning – Avoiding California Property Tax Reassessment Through Proper Use of Parent-Child Exclusion

When dealing with a death in the family and administering assets of the deceased family member, the county-level property tax reassessment rules for transfers of California real estate are often overlooked.  Generally, the taxable value…
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April Tax NewsletterCorporate Tax
April 13, 2018

Corporate – Tax Reform Effects on NOLs and Section 382

The Tax Cuts and Jobs Act (“TCJA”) of 2017 has major implications for corporate taxpayers, and one area of change is with regard to the use of net operating losses (NOLs).  Under pre-tax reform law,…
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