Revenue Recognition for Franchisors
In 2014, the FASB issued new revenue recognition guidance that replaces most pre-existing revenue recognition guidance, including industry-specific guidance, in U.S. GAAP.
Read this Insight...Fed Raises Its Policy Rate by 75 Basis Points as It Prepares to Slow Pace of Hikes
The Federal Reserve increased its policy rate by 75 basis points on Wednesday to a range between 3.75% and 4% as it hinted at slowing the pace of its hikes.
Read this Insight...What Is an S-Corp Election?
Business owners often struggle with determining the optimal legal structure and tax treatment for their business. This video will explain an S-Corp tax election and how it may benefit you and your business.
Read this Insight...IRS Grants Failure to File Penalty Relief for 2019 and 2020 Returns
Executive Summary The IRS released Notice 2022-36 providing relief for certain taxpayers from certain failure to…
Read this Insight...The Price of War: Risks Around the Inflation Outlook
While we expect the annual inflation rate to peak this quarter as comparisons to the lower…
Read this Insight...Rules on Deducting Business Start-Up Expenses
A recent U.S. Tax Court decision drives home the important point that current deductions aren't allowed ...
Read this insight Tangible Asset and Repair Regulations Reminder
Reminder: September 15th and October 15th are the deadlines to file Forms 3115 to proactively comply ...
Read this insight Being Skeptical: Is it Really a Bad Thing?
We have all met people who we would consider a "Debbie Downer" or a "Doubting Thomas." ...
Read this insight Your Documents: Where You Need Them, When You Need Them
When you think about what the biggest bottlenecks are in your organization, there's a good chance ...
Read this insight Preventing and Detecting Fraud in Your Organization
According to the Association of Certified Fraud Examiners' 2014 Fraud Study, Report to the Nations on ...
Read this insight Tax Deadline Reminder: FBARs Due by June 30
The deadline is fast approaching for certain taxpayers to report accounts they hold in foreign banks ...
Read this insight Eileen Sheridan Featured in CalCPA Magazine
We are pleased to spotlight Partner Eileen Sheridan on the cover of last month’s California CPA ...
Read this insight Small Business Reprieve on Health Premium Reimbursement Plans
Historically, companies that wanted their employees to be protected with health coverage, but didn't want the ...
Read this insight New California Credit: College Access Tax Credit
A new California tax credit became available in 2014 for both individuals and businesses who contribute ...
Read this insight Student Scholarships – Free Money or Taxable Income?
The taxability of student scholarship funds has been an issue for many years. In any student ...
Read this insight Charity Navigator: Giving Your Organization a Facelift
Charity Navigator, an online exempt organization rating website, is used by donors and members of the ...
Read this insight Tangible Asset and Repair Regulations Update
As you may recall from a previous article, the IRS issued final regulations that provide guidance ...
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