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...Tips for a Quicker End to Your Mortgage
If you're serious about paying off your mortgage quickly, realize that every dollar you add to ...
Read this insight Can I Claim a Home Office Deduction During COVID?
Many of us have rearranged, redecorated, or reimagined our homes to convert them into office spaces ...
Read this insight Annuities: Know the Pros and Cons
Some love annuities, some hate them, but there's no denying that many find them useful, and ...
Read this insight Is It Time to Move Off of QuickBooks?
QuickBooks is an excellent and cost-effective solution for small businesses, maybe even midsize businesses. But your ...
Read this insight When is My Capital Gains Rate 0%?
With a tax planning opportunity for just about everything, seeking to pay 0% on capital gains ...
Read this insight Tax Considerations for Today’s Mergers & Acquisitions
In the midst of continued uncertainty oscillating in the global market, opportunities emerge in times of ...
Read this insight SBA Stimulus Funding May Prompt Single Audit
In a rapid emergency response to the global pandemic, the federal government rolled out the Coronavirus ...
Read this insight FASB Grants Delay for Revenue Recognition and Leases Standard
In a recent and welcomed move, the Financial Accounting Standards Board (FASB) approved a one-year deferment ...
Read this insight Congress Loosens PPP Loan Restrictions
Congress recently passed legislation to loosen some of the restrictions that came with the popular Payroll ...
Read this insight Stimulus Payments Being Sent as Visa Debit Cards
The Internal Revenue Service has been distributing Economic Impact Payments to taxpayers across the nation since ...
Read this insight Do You Need a Will and a Trust?
Everyone wants to protect their families, even after they pass from this world. That’s the purpose ...
Read this insight The Essentials of Cloud-Based Accounting Software
“Siri, what is my year-to-date net income?” This is where technology is going. Are you on ...
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