Insights
Insight and analysis from the Pease Bell team — on tax, audit, accounting, and the industries we serve.
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Are Income Taxes Taking a Bite Out of Your Trusts?
If your estate plan includes one or more trusts, review them in light of income taxes. For trusts, the income threshold is very low…
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Cutoffs for Reporting Revenues and Expenses
Under U.S. Generally Accepted Accounting Principles (GAAP), there are strict rules on when to recognize revenues and expenses. Here’s important information about end of…
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The Tax-Advantaged Way to Fund Education
Coverdell ESAs: The tax-advantaged way to fund elementary and secondary school costs With school letting out you might be focused on summer plans for…
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THE SEC. 461 ALL-EVENTS TEST: TIMING FOR DEDUCTING ACCRUED WARRANTY CLAIMS
The Sec. 461 All-Events Test: Timing for Deducting Accrued Warranty Claims
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A refresher on the ACA’s tax penalty on individuals without health insurance
Now that Affordable Care Act (ACA) repeal and replacement efforts appear to have collapsed, at least for the time being, it’s a good time…
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Pay Attention to the Details when Selling Investments
The tax consequences of the sale of an investment, as well as your net return, can be affected by a variety of factors. You’re…
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Will Congress revive expired tax breaks? Will Congress revive expired tax breaks?
Most of the talk about possible tax legislation this year has focused on either wide-sweeping tax reform or taxes that are part of the…
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How external auditors can leverage your How external auditors can leverage your internal audit work
Does your company have an internal audit function? If so, you may be able to use your internal audit team to streamline financial reporting…
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Put your income statement to good use
By midyear, most businesses that follow U.S. Generally Accepted Accounting Principles (GAAP) have issued their year-end financial statements. But how many have actually used…