Monthly Archives

August 2018

Audit & Accounting
August 30, 2018

Use pay-ratio disclosures with caution

Starting in 2018, certain public companies must disclose the ratio of their CEO’s annual compensation to that of its “median employee.” The rule allows for significant flexibility in calculating these ratios, leading to widely divergent…
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Uncategorized
August 29, 2018

Assessing the S corp

The S corporation business structure offers many advantages, including limited liability for owners and no double taxation (at least at the federal level). But not all businesses are eligible • and, with the new 21%…
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Tax
August 29, 2018

Keep it SIMPLE: A tax-advantaged retirement plan solution for small businesses

If your small business doesn’t offer its employees a retirement plan, you may want to consider a SIMPLE IRA. Offering a retirement plan can provide your business with valuable tax deductions and help you attract…
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Audit & Accounting
August 29, 2018

Identifying and reporting critical audit matters

For over 40 years, the Securities and Exchange Commission (SEC) has required only a simple pass-fail statement in public companies’ audit reports. But the deadline for mandatory reporting of critical audit matters (CAMs) in audit…
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Tax
August 21, 2018

Choosing the right accounting method for tax purposes

The Tax Cuts and Jobs Act (TCJA) liberalized the eligibility rules for using the cash method of accounting, making this method — which is simpler than the accrual method — available to more businesses. Now…
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Tax
August 21, 2018

It’s important to monitor your SEC filing status

As public companies grow, they may move from one filing status or issuer category to another. Recent and proposed changes to the Securities and Exchange Commission (SEC) rules for some categories could affect your company’s…
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Audit & Accounting
August 21, 2018

Auditing the use of estimates and specialists

Complex accounting estimates — such as allowances for doubtful accounts, impairments of long-lived assets, and valuations of financial and nonfinancial assets — have been blamed for many high-profile accounting scams and financial restatements. Estimates generally…
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Audit & Accounting
August 10, 2018

What You Need to Know About Auditing the Use of Estimates and Specialists

Complex accounting estimates — such as allowances for doubtful accounts, impairments of long-lived assets, and valuations of financial and nonfinancial assets — have been blamed for many high-profile accounting scams and financial restatements. Estimates generally…
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Business Tax PlanningUncategorized
August 10, 2018

How Can You Save Taxes in a Family Business Succession?

Succession planning is one of the biggest concerns for family business owners. Transferring ownership and control of the company to the next generation can be difficult and often, the best time tax-wise to start transferring…
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Estate PlanningUncategorized
August 10, 2018

Avoiding Tax Issues When Wealthy Clients Sell Appreciated Assets

Michael Eisenberg, Squar Milner Financial Services Principal, discusses with the Financial Advisor how to avoid tax issues when selling appreciated assets. Click the link below to read more. Click here for full article.
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