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So far Thomson Reuters has created 30 blog entries.

2018 Q3 tax calendar: Key deadlines for businesses and other employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the second quarter of 2018. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us [...]

By | 2018-06-18T13:09:02+00:00 June 18th, 2018|Categories: Blog, Tax|Tags: , , |0 Comments

Which intangibles should private firms report following a merger?

2018 is expected to be a hot year for mergers and acquisitions. But accounting for these transactions under U.S. Generally Accepted Accounting Principles (GAAP) can be complicated, especially if the deal involves intangible assets. Fortunately, the Financial Accounting Standards [...]

By | 2018-06-18T12:59:48+00:00 June 18th, 2018|Categories: Blog|Tags: , |0 Comments

2 tax law changes that may affect your business’s 401(k) plan

When you think about recent tax law changes and your business, you’re probably thinking about the new 20% pass-through deduction for qualified business income or the enhancements to depreciation-related breaks. Or you may be contemplating the reduction or elimination [...]

By | 2018-06-11T12:51:29+00:00 June 11th, 2018|Categories: Blog|Tags: , |0 Comments

Auditing related-party transactions

Business owners generally prefer to work with entities they know and trust. But related-party transactions can provide opportunities for individuals to act in a manner that’s inconsistent with the interests of shareholders. That’s why auditors take pains to identify [...]

By | 2018-06-08T13:21:14+00:00 June 8th, 2018|Categories: Audit, Blog|Tags: , |0 Comments

What businesses need to know about the tax treatment of bitcoin and other virtual currencies

Over the last several years, virtual currency has become increasingly popular. Bitcoin is the most widely recognized form of virtual currency, also commonly referred to as digital, electronic or crypto currency. While most smaller businesses aren’t yet accepting bitcoin [...]

By | 2018-06-04T12:37:52+00:00 June 4th, 2018|Categories: Blog, Tax|Tags: , , |0 Comments

Don’t let collaborative arrangements cause financial reporting headaches

Businesses often enter into so-called “collaborative arrangements” when they partner with another entity on a major project. Unfortunately, the current guidance for these types of arrangements under U.S. Generally Accepted Accounting Principles (GAAP) is somewhat vague. Here are some [...]

Putting your child on your business’s payroll for the summer may make more tax sense than ever

If you own a business and have a child in high school or college, hiring him or her for the summer can provide a multitude of benefits, including tax savings. And hiring your child may make more sense than [...]

By | 2018-05-29T16:49:31+00:00 May 29th, 2018|Categories: Blog, Tax|Tags: , , , , |0 Comments

It’s time for a midyear checkup!

Time flies when you’re busy running a business. But it’s important to occasionally pause and assess interim performance — otherwise you’re likely to be surprised by the year-end results. When reviewing midyear financial reports, however, recognize their potential shortcomings. These [...]

By | 2018-05-25T14:45:25+00:00 May 25th, 2018|Categories: Audit, Blog|0 Comments

IRS issues guidance to ease transition to FASB’s new revenue recognition rule

In 2014, a new accounting standard on how to recognize revenue from contracts was issued by the Financial Accounting Standards Board (FASB). Now the IRS is allowing a new automatic change in accounting method for businesses to use to [...]

By | 2018-05-22T20:32:21+00:00 May 22nd, 2018|Categories: Audit, Blog|0 Comments

A Review of Significant TCJA Provisions Affecting Small Businesses

Now that small businesses and their owners have filed their 2017 income tax returns (or filed for an extension), it’s a good time to review some of the provisions of the Tax Cuts and Jobs Act (TCJA) that may [...]

By | 2018-05-08T14:41:22+00:00 May 8th, 2018|Categories: Blog, Tax|Tags: , , , |0 Comments