Pease Bell Posts

A common challenge leased nursing homes encounter is five-year commercial mortgage balloons. This results in significant expenses every five years to extend or replace your mortgage. The Department of Housing and Urban Development (“HUD”) offers

Owning rental real estate does not automatically give you the status of a real estate professional. Qualifying as a real estate professional allows a taxpayer to offset non-passive income which ultimately decreases their tax liability.

In today’s competitive business environment, companies are seeking ways to streamline operations, enhance efficiency, and optimize financial management. One increasingly popular solution is outsourcing the role of a controller. Outsourcing financial management functions can offer

Section 179 depreciation was originally designed to help businesses grow by allowing them to completely write off large purchases of machinery and equipment in the first year of use.  It had some quirky limitations, but

If an employee receives stock as part of their compensation, but the stock will not vest for several years, the employee can make a section 83(b) election to include the current value of the stock

What could the game of golf and information security possibly have in common? While they may seem like two completely different aspects of human interest, they surprising share many similarities. In the spirit of the

Running a restaurant is not just about serving delicious food and creating a welcomingenvironment; it’s also about managing finances effectively. Restaurant accounting is acrucial aspect of ensuring the long-term success and sustainability of any diningestablishment.

Overview In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, “Measurement of Credit Losses on Financial Instruments”, which significantly changed how entities measure credit losses for most financial assets

On December 21, 2023, the IRS announced a new program for taxpayers who want to pay back money they received filing for the ERC refunds for 2020 and 2021 but feel that they claimed these

On December 22, 2023, New York’s governor signed Senate Bill 995B/Assembly Bill 3484A, enacting the New York LLC Transparency Act (NYLTA). The NYLTA is modeled after the beneficial ownership information (BOI) reporting requirements under the

In a previous article we stressed the importance of proper Vendor Risk Management. But how do you actually review a SOC 2 report, especially if its 85 pages long? This article will help you identify

Starting in 2022, many states came out with a Pass-Through Entity Tax. A pass-through entity tax is an entity-level income tax that partnerships, S corporation, and Limited Liability Companies (LLCs) may elect to pay. Many