Audit & Accounting
February 16, 2018

For-profit vs. not-for-profit: Compare and contrast financial reporting goals

As the term suggests, for-profit companies are driven primarily by one goal — to maximize profits for their owners. Nonprofits, on the other hand, are generally motivated by a charitable purpose. Here’s how their respective…
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Tax Reform
December 20, 2017

2017 Tax Reform – Final Tax Cuts and Jobs Act

Below is a look at the final tax proposal - The Tax Cuts and Jobs Act The House and Senate recently released the final version of "The Tax Cuts and Jobs Act" ("Tax Proposal"), which…
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Tax Reform
November 16, 2017

2017 Tax Reform – How will it affect you?

On November 9, 2017 there was considerable movement on Capitol Hill - the Senate Joint Committee on Taxation released a tax reform plan that will be reviewed by the Senate Finance Committee, and the House…
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Audit & Accounting
September 18, 2018

Sustainability reports look beyond the numbers

In recent years, environmental, social and governance (ESG) issues have become a hot topic. Many companies voluntarily include so-called “sustainability disclosures” about these issues in their financial statements. But should the Securities and Exchange Commission…
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Tax
September 17, 2018

2018 Q4 tax calendar: Key deadlines for businesses and other employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2018. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply…
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Tax
September 7, 2018

Your Teenager’s After-School Job May Mean Tax Homework For You

Michael Eisenberg, Squar Milner Financial Services Principal, discusses with USA Today how your teenager's new job may impact your taxes. Click the link below to read more. Your Teenager's After-School Job May Mean Tax Homework…
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Audit & Accounting
September 7, 2018

How to trim the fat from your inventory

Inventory is expensive. So, it needs to be as lean as possible. Here are some smart ways to cut back inventory without compromising revenue and customer service. Objective inventory counts Effective inventory management starts with…
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Uncategorized
September 5, 2018

How to reduce the tax risk of using independent contractors

Classifying a worker as an independent contractor frees a business from payroll tax liability and allows it to forgo providing overtime pay, unemployment compensation and other employee benefits. It also frees the business from responsibility…
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Audit & Accounting
September 4, 2018

Beware of unexpected tax liabilities under new accounting and tax rules!

The Tax Cuts and Jobs Act (TCJA) contains a provision that ties revenue recognition for book purposes to income reporting for tax purposes, for tax years starting in 2018. This narrow section of the law…
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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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