September 11, 2018 | By Victoria Leca | No Comments
Will blockchain technology reinvent double entry accounting? Accountants today use double entry bookkeeping to record transactions. Companies record financial information in central ledgers in a debits and credits format. At year-end, they hire auditors to review their records, who then verify and provide trust in the records and reasonable assurance that fraud did not take […]
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August 28, 2018 | By Emily Porter | No Comments
August 28, 2018 Q: What happens in 2019? A: The new revenue recognition guidance is effective for most, non-public companies (public companies started earlier). If your business earns revenue, this guidance applies to you! What’s Required to Recognize Revenue? The ASC 606 Revenue from Contracts with Customers rules (FASB ASU 2014-09) introduced the accounting world […]
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August 27, 2018 | By Becky Luther | No Comments
Do you know if you are withholding enough tax from your paycheck? The IRS has released a new Paycheck Withholding Calculator to help taxpayers determine if they are currently withholding enough tax to avoid a hefty tax bill and penalties next year at tax time. The calculator is a very easy and quick tool for […]
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August 21, 2018 | By Dan Bedford | No Comments
August 21, 2018 Your inventory could be at the core of what you do. Your inventory might play a supporting role in keeping you and your customers moving forward. For a lot of businesses, inventory is often recorded at what you paid for it and sits on the balance sheet until it’s sold. Naturally, this […]
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August 16, 2018 | By Jesse Salzwedel | No Comments
August 16, 2018 — A new section of the Tax Cuts and Jobs Act provides taxpayers an incentive to invest capital gains in low-income communities. In other words, these newly created “Opportunity Zones” provide options for property owners to reduce their overall tax liability while generating economic growth. All 50 states, the District of Columbia, and U.S. […]
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