Sunday, October 24, 2021

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ACA repeal may limit benefits of S corporations

Since the 2010 passage of the Affordable Care Act, the use of S corporations has seen a steady increase in popularity among tax advisers,...

Applying new accounting rules in various business situations

  Editor’s note: Part I two weeks ago gave an overview of the new accounting rules and their potential impact on income taxes. Part II...

New financial reporting rules alter timing of revenue recognition

        For accounting purposes, the seller or provider of services in a contract recognizes revenue when the buyer takes control of the good or service....

The trouble with taxes

How does your company prepare its taxes? External accountant 87.5% Internal staff member 0% Both 12.5% How much time is spent annually on federal taxes (i.e. filing payroll,...

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