Services: Tax Advisory
-
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…
-
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…
-
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…
-
THE SEC. 461 ALL-EVENTS TEST: TIMING FOR DEDUCTING ACCRUED WARRANTY CLAIMS
The Sec. 461 All-Events Test: Timing for Deducting Accrued Warranty Claims
-
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…
-
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…
-
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…
-
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…
-
Close-up on Restricted Cash
The Financial Accounting Standards Board (FASB) has amended U.S. Generally Accepted Accounting Principles (GAAP) to clarify the guidance on reporting restricted cash balances on…
-
How to shape up your working capital
with low risk, but excessive amounts of cash tied up in working capital may detract from growth opportunities and other spending options, such as…