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
January 15, 2019

4 ideas for fostering a partnership between internal and external auditors

External audits aren’t required for every business. But whether required or not, they can provide lenders and investors with assurance that your financial statements are free from material misstatement and prepared in accordance with U.S.…
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Audit & Accounting
January 14, 2019

Time to celebrate! FASB expands VIE exception for private companies

The Financial Accounting Standards Board (FASB) recently gave private companies long-awaited relief from one of the most complicated aspects of financial reporting — consolidation of variable interest entities (VIEs). Here are the details. Old rules…
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Uncategorized
January 11, 2019

Business owners: An exit strategy should be part of your tax planning

Tax planning is a juggling act for business owners. You have to keep your eye on your company’s income and expenses and applicable tax breaks (especially if you own a pass-through entity). But you also…
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Audit & Accounting
January 8, 2019

Conducting an effective post-M&A audit

So, you’re about to merge with another company. What’s next? The integration process typically starts with audited financial statements that reflect the results and financial position of the combined entity. This exercise requires a close…
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News
January 8, 2019

Squar Milner LLP and Louie & Wong LLP Combine to Enhance Their Position as One of the Largest Accounting Firms in the Bay Area and West

Squar Milner LLP, one of the largest California based independent accounting firms, with over $110 million in revenue and over 550 professionals and associates, is pleased to announce, the successful combination with Louie & Wong…
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Uncategorized
January 1, 2019

Accounting for overhead costs

Accurate overhead allocations are essential to understanding financial performance and making informed pricing decisions. Here’s guidance on how to estimate overhead rates to allocate these indirect costs to your products and how to adjust for…
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Tax
December 31, 2018

2019 Q1 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 first quarter of 2019. Keep in mind that this list isn’t all-inclusive, so…
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Tax
December 29, 2018

Can a PTO contribution arrangement help your employees and your business?

As the year winds to a close, most businesses see employees taking a lot of vacation time. After all, it’s the holiday season, and workers want to enjoy it. Some businesses, however, find themselves particularly…
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Uncategorized
December 28, 2018

A refresher on major tax law changes for small-business owners

The dawning of 2019 means the 2018 income tax filing season will soon be upon us. After year end, it’s generally too late to take action to reduce 2018 taxes. Business owners may, therefore, want…
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Uncategorized
December 28, 2018

Cybersecurity matters

Investors, lenders and other stakeholders have been vocal in recent years about pushing companies to provide more information in their financial reports about cybersecurity. Could your company do a better job disclosing cyberrisks and recent…
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