Farmland and Red Tractor | Tangible vs intangible
Accounting
September 20, 2019

Spotting the Differences Between Tangible vs Intangible Assets

In August 2019, Financial Accounting Standards Board (FASB) member Gary Buesser issued a quarterly report on the status of reporting internally generated intangible assets. While change is unlikely anytime soon, the report did shine a…
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Two business men shaking hands in an office space | Potential FASB Updates Put the Spotlight Back on Goodwill Accounting
Accounting
September 18, 2019

Potential FASB Updates Put the Spotlight Back on Goodwill Accounting

In July, the Financial Accounting Standards Board (FASB) announced they were considering making adjustments to the accounting protocol for certain identifiable intangible assets acquired in a business combination and subsequent accounting for goodwill. The FASB issued…
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The Future of Boy Scouts in Orange County Clipping from the OCBJ
News
September 10, 2019

The Future Of Boy Scouts In Orange County

Squar Milner Financial Services' own Deborah L. Harrington will become the first ever female chair in the 100 year history of the Orange County Council, Boy Scouts of America. Check out her article in the…
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Los Angeles cityscape during the day | LLC vs. S Corp: A Closer Look at LLCs and S Corps in California
Consulting
September 4, 2019

California LLC vs. S Corp: A Closer Look at LLCs and S Corps in California

For a long time, small business owners elected to operate their business as an S corporation (S corp) due to the many tax advantages. An S corp carries limited liability for owners and no double…
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Happy nurse taking care of a small girl | HRA vs. HSA: Understanding Your Healthcare Options
Consulting
August 12, 2019

HRA vs HSA: Understanding Your Healthcare Options

In 2010 President Barack Obama officially signed the Affordable Care Act (ACA) into effect, thereby requiring employers with at least 50 employees (or full-time equivalents) to provide health benefits and pay for a significant portion…
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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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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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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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Consulting
June 3, 2019

Predicting future performance

CPAs typically report historical financial performance. But sometimes they’re hired to predict how a company will perform in the future. Prospective reporting options There are three types of reports to choose from when predicting future…
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