Monthly Archives

July 2019

Exchange of flowers for money | Seven Strategies for Effective AR Collection
Accounting
July 30, 2019

AR Collection: 7 Strategies for Maximum Effectiveness

In 2018, CB Insights released the results of a survey regarding startup failures. Of the 101 failed startups surveyed, 29% named “Ran Out of Cash” as a top reason why their business collapsed. Depleting your…
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Businessman making notes at his office desk | restatement of financial statements
Audit
July 26, 2019

Restatements: The Costly Result of an Error

Corporate officers, auditors and audit committees all work towards ensuring US publicly traded companies provide accurate corporate financial reports to investors. However, even with all of the different components working diligently to present clear and…
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Man in a bike shop holding a business meeting | SEC Compliance: Growing Scrutiny of Private Companies
Audit
July 25, 2019

SEC Compliance: The SEC and Growing Scrutiny of Private Companies

Public companies are subject to detailed disclosure laws regarding financial condition, operating results, management compensation and other business areas. However, private companies are not entirely exempt from SEC scrutiny. In March 2018, the SEC brought…
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Railroad track merging into one | M&A Tax: Navigating the Tax Implications
Tax
July 18, 2019

M&A: Navigating the Tax Implications

Mergers and acquisitions (M&A) involves the combination of two entities into a single company.  M&A activities are on the rise in the United States. In the last two years, we have witnessed prominent American companies…
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Hiring Independent Contractors - man with tattoos working at a home office
Consulting
July 15, 2019

Hiring Independent Contractors: How to Utilize the Alternative Workforce

The ways in which people work, live and spend their money have changed dramatically in the last decade. Smartphone technology and hyper-connectivity are key factors to the revolution. Apps such as Uber, Lyft, Takl and…
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Untangling the Complexities of Section 179 Vehicle Deductions \ truck that falls under the IRS section 179 deduction
Tax
July 12, 2019

Untangling the Complexities of Section 179 Vehicle Deductions + Vehicle Deduction List

The Ultimate Section 179 Vehicle Deduction List Audi Audit Q7 3.0T Premium Audi Q7 3.0L TDI BMW X5 M BMW X5 XDrive351 BMW X6 M BMW X6 XDrive351 Buick Enclave 2WD Buick Enclave 4WD Cadillac…
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Men at a barber shop cutting two customers hair | Bartering Income is Taxable Income: Key Points to Know
Tax
July 11, 2019

Bartering Income is Taxable Income: Key Points to Know

In today’s economy and the ever-evolving digital world, exchanging goods and services with another business or individual, known as bartering, is common practice. In fact, the International Reciprocal Trade Association (IRTA) estimates the annual volume…
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Banking and reporting hand close up | An interim report features condensed statements regarding a company’s financial status throughout the year.
Accounting
July 9, 2019

Interim Reporting: Understanding the Who, What and Why

It is critical to have a clear understanding of your business performance at any given point in time. This becomes particularly crucial when making thoughtful and strategic business decisions. Interim reporting supplements annual reporting in…
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Consulting
July 3, 2019

Which entity is most suitable for your new or existing business?

The Tax Cuts and Jobs Act (TCJA) has changed the landscape for business taxpayers. That’s because the law introduced a flat 21% federal income tax rate for C corporations. Under prior law, profitable C corporations…
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Tax
July 1, 2019

In pursuit of global tax transparency

In today’s global economy, multinational corporations engage in numerous cross-border transactions. But how they report those transactions is often vague. To help minimize stakeholders’ exposure to potential hidden risks, the Financial Accountability & Corporate Transparency…
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