New Guidance Requires Proper Reporting With Statement Of Functional Expenses Those who know me, know I enjoy spending time in nature – mostly hiking and camping. It helps me function better in my everyday life. And while I’d love to write more about that, this month...
Close up young woman with calculator counting making notes at home, hand is writes in a notebook. Savings, finances, concept. Editor’s Note: We continue to get questions pertaining to the mid-quarter convention. So, to help you understand it a little better, we...
New Auditing Standard Highlights Plan Fiduciary Responsibilities Plan managers and administrators must understand their fiduciary responsibilities as a new auditing standard takes effect this year for most employee benefit plans. The Statement on Auditing Standards...
Outsourcing of accounting and bookkeeping support services is an increasing trend among many businesses and is growing quickly in the restaurant industry. It’s a solution that addresses a confluence of factors affecting restaurants these days, especially restaurant...
Cost Segregation Can Help Minimize Recapture Tax When a property owner sells an asset, they face depreciation recapture tax. This applies to assets previously used to offset ordinary income through depreciation. Depreciation recapture closes a tax loophole....
