January 2018 - Squar Milner

News

January 29, 2018

Squar Milner Expansion in Silicon Valley

Squar Milner, one of the largest full service accounting firms in Southern California with a quest to become one of the largest firms in the state, is expanding. Orange County, CA – October 24,…

Audit & Accounting

January 5, 2018

Make budgeting part of your New Year’s resolution

It’s important to resist the temptation to rely on gut instinct or take shortcuts when budgeting for 2018. Creating a solid budget that’s based on the three components of your company’s financial statements will help…

Audit & Accounting

January 5, 2018

Got multiple locations? Expect auditors to keep a close eye on inventory

Do you remember the high-profile fraud that happened at drugstore chain Phar-Mor in the 1990s? Executives manipulated the company’s financial statements to hide approximately $500 million in losses. A key ploy that perpetrators used in…

Tax

January 5, 2018

The TCJA temporarily expands bonus depreciation

The Tax Cuts and Jobs Act (TCJA) enhances some tax breaks for businesses while reducing or eliminating others. One break it enhances — temporarily — is bonus depreciation. While most TCJA provisions go into effect…

Audit & Accounting

January 5, 2018

Income statement items warrant your auditor’s attention

Today’s auditors spend significant time determining whether amounts claimed on the income statement capture the company’s financial performance during the reporting period. Here are some income statement categories that auditors focus on. Revenue Revenue recognition…