Insights
Insight and analysis from the Pease Bell team — on tax, audit, accounting, and the industries we serve.
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Tax Talk – New Tax Law Meals & Entertainment Expense Update
With the new Tax Law (Tax Cuts and Jobs Act) there have been several changes with meals & entertainment (M&E) expenses. Click here to…
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Tax Cuts and Jobs Act 2017 Webinar
On Thursday, February 8th, Pease & Associates, CPAs’ Tax professionals conducted the first “Tax Talk” webinar to examine the recent Tax Cuts and Jobs…
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Income statement items warrant your auditor’s attention
Today’s auditors spend significant time determining whether amounts claimed on the income statement capture the company’s financial performance during the reporting period. Here are…
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Don’t be a victim of tax identity theft: File your 2017 return early
The IRS has just announced that it will begin accepting 2017 income tax returns on January 29. You may be more concerned about the…
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5 common sources of substantive audit evidence
Do you understand how auditors verify account balances and transactions? This knowledge can minimize disruptions when the audit team visits your facilities and maximize…
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Tax Cuts and Jobs Act: Key provisions affecting corporations and individuals
On December 20, Congress completed passage of the largest federal tax reform law in more than 30 years, and according to this C.P.A. for…
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Most individual tax rates go down under the TCJA
The Tax Cuts and Jobs Act (TCJA) generally reduces individual tax rates for 2018 through 2025. It maintains seven individual income tax brackets but…
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Make budgeting part of your New Year’s resolution
It’s important to resist the temptation to rely on gut instinct or take shortcuts when budgeting for 2018. Creating a solid budget and business…
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Got multiple locations? Expect auditors to keep a close eye on inventory
Do you remember the high-profile fraud that happened at drugstore chain Phar-Mor in the 1990s? Executives manipulated the company’s financial statements to hide approximately…