A review of significant TCJA provisions affecting small businesses
Now that small businesses and their owners have filed their 2017 income tax returns (or filed for...
Effectively communicating with the audit committee
CFOs and other executives occasionally present information about the company’s operations,...
Tax record retention guidelines for individuals
What 2017 tax records can you toss once you’ve filed your 2017 return? The answer is simple: none....
Tax document retention guidelines for small businesses
You may have breathed a sigh of relief after filing your 2017 income tax return (or requesting an...
Get ready for the new lease standard
A new accounting rule for reporting leases goes into effect in 2019 for public companies. Although...
Tax Cuts and Jobs Act - New Changes
The Tax Cuts and Jobs Act (TCJA) includes many changes that affect tax breaks for employee...
Public vs. Private: When Should Accounting Rules Differ?
Small private companies often criticize the Financial Accounting Standards Board (FASB) for writing...
Blockchain may soon drive business worldwide
“Blockchain” may sound like something that goes on a vehicle’s tires in icy weather or that perhaps...
Haven’t filed your 2017 income tax return yet? Beware of these pitfalls
The federal income tax filing deadline is slightly later than usual this year — April 17 — but it’s...
A net operating loss on your 2017 tax return isn’t all bad news
When a company’s deductible expenses exceed its income, generally a net operating loss (NOL)...