Monthly Archives

August 2017

Uncategorized
August 14, 2017

Enjoy Tax Breaks at a Convention

Are you looking to get away? Perhaps attend a business convention on a tropical island? You can deduct the cost of the trip if the primary purpose is business related. Reasonableness is based on four factors:That is,…
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Tax
August 14, 2017

IRS Allows Exceptions for Missed Retirement Account Rollover Deadlines

You may know about the 60-day window for making tax-free rollovers of funds withdrawn from your IRA or other tax-favored retirement account. Here are a couple of things you might not know about the deadline: The…
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News
August 14, 2017

Revenue Recognition for Contracts: Changes Coming Soon

Revenue is the top line of your company's income statement. So, it tends to receive a lot of attention from investors, lenders and other stakeholders. Why? Changes in revenue can tell whether your company is growing…
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Uncategorized
August 14, 2017

Changes to the Revenue Recognition Standard are quickly approaching – Are you Ready?

With the effective date only a few months away for public (fiscal year after December 15, 2017) and private companies (fiscal year after December 15, 2018), both groups are supplementing their teams to ensure they…
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News
August 14, 2017

How external auditors can leverage your internal audit work

Does your company have an internal audit function? If so, you may be able to use your internal audit team to streamline financial reporting by external auditors. Here’s guidance on how to facilitate this collaborative…
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News
August 14, 2017

Private companies: Consider these financial reporting options

For years, private companies and their stakeholders have complained that the Financial Accounting Standards Board (FASB) catered too much to large, public companies and ignored the needs of smaller, privately held organizations that have less…
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