Monthly Archives

July 2018

Audit & Accounting
July 27, 2018

Hidden liabilities: What’s excluded from the balance sheet?

Financial statements help investors and lenders monitor a company’s performance. However, financial statements may not provide a full picture of financial health. What’s undisclosed could be just as significant as the disclosures. Here’s how a…
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Tax
July 23, 2018

Business deductions for meal, vehicle and travel expenses: Document, document, document

Meal, vehicle and travel expenses are common deductions for businesses. But if you don’t properly document these expenses, you could find your deductions denied by the IRS. A critical requirement Subject to various rules and…
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Audit & Accounting
July 17, 2018

Consider these financial reporting issues before going private

Issuing stock on the public markets isn’t right for every business. Some public companies decide to delist — or “go private” — often due to the high costs of complying with the requirements of the…
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Tax
July 17, 2018

Close-up on the new QBI deduction’s wage limit

The Tax Cuts and Jobs Act (TCJA) provides a valuable new tax break to noncorporate owners of pass-through entities: a deduction for a portion of qualified business income (QBI). The deduction generally applies to income…
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Tax
July 12, 2018

Does your business have to begin collecting sales tax on all out-of-state online sales?

You’ve probably heard about the recent U.S. Supreme Court decision allowing state and local governments to impose sales taxes on more out-of-state online sales. The ruling in South Dakota v. Wayfair, Inc. is welcome news…
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Audit & Accounting
July 11, 2018

Is it time to adopt the new hedge accounting principles?

Implementing changes in accounting rules can be a real drag. But the new hedge accounting standard may be an exception to this generality. Many companies welcome this update and may even want to adopt it…
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NewsUncategorized
July 6, 2018

Just Out of College? Now Is the Time to Take Stock of Your Finances

Michael Eisenberg, Squar Milner Financial Services Principal, discusses with the New York Times how new college graduates can prepare for their future.. Click the link below to read more. Just Out of College? Now Is…
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Uncategorized
July 3, 2018

Spotlight on auditor independence and hosting arrangements

With Independence Day coming up, it’s a good time to check up on auditor independence issues. This is especially important in 2018. Why? New rules go into effect this fall that may warrant changes to…
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