Thomson Reuters

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So far Thomson Reuters has created 3 blog entries.

For-Profit vs. Not-for-Profit Reporting Goals

For-profit vs. not-for-profit: Compare and contrast financial reporting goals As the term suggests, for-profit companies are driven primarily by one goal — to maximize profits for their owners. Nonprofits, on the other hand, are generally motivated by a charitable [...]

By | 2018-02-20T12:52:20+00:00 February 20th, 2018|Categories: Audit, Blog|Tags: |0 Comments

Claiming Bonus Depreciation on your 2017 Tax Return

Claiming Bonus Depreciation on Your 2017 Tax Return May be Particularly Beneficial With bonus depreciation, a business can recover the costs of depreciable property more quickly by claiming additional first-year depreciation for qualified assets. The Tax Cuts and Jobs [...]

By | 2018-02-14T14:30:19+00:00 February 14th, 2018|Categories: Blog, Tax|Tags: , |0 Comments

Auditing Work in Progress

Auditing Work in Progress Financial statement auditors spend a lot of time evaluating how their clients report work in progress (WIP) inventory. Here’s why this account warrants special attention and how auditors evaluate whether WIP estimates seem reasonable. Accounting [...]

By | 2018-02-02T13:38:26+00:00 February 2nd, 2018|Categories: Audit, Blog|Tags: , |0 Comments