Insights
Insight and analysis from the Pease Bell team — on tax, audit, accounting, and the industries we serve.
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Section 179 Depreciation.
Section 179 depreciation was originally designed to help businesses grow by allowing them to completely write off large purchases of machinery and equipment in…
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Mastering the Game of Information Security
What could the game of golf and information security possibly have in common? While they may seem like two completely different aspects of human…
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Implementation of ASC 326 (Credit Losses) for Healthcare Entities
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…
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A Guide to Restaurant Accounting
If an employee receives stock as part of their compensation, but the stock will not vest for several years, the employee can make a…
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Related-Party Loans and Advances: Considerations for Operations and Reporting in the Healthcare Industry
Related-party financing and advances to and from affiliates are commonplace in the health care industry, especially within the skilled nursing industry as well as…
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Ohio Pass-Through Entity Tax
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…
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New York Follows FinCEN Enacting Beneficial Ownership Information Reporting
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…
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How To Review A SOC 2 Report
In a previous article we stressed the importance of proper Vendor Risk Management. But how do you actually review a SOC 2 report, especially…
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Employee Retention Credit Voluntary Disclosure Program
On December 21, 2023, the IRS announced a new program for taxpayers who want to pay back money they received filing for the ERC…