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So far Thomson Reuters has created 129 blog entries.

Consider a Roth 401(k) Plan — And Make Sure Employees Use It

Roth 401(k) accounts have been around for 13 years now. Studies show that more employers are offering them each year. A recent study by the Plan Sponsor Council of America (PSCA) found that Roth 401(k)s are now available at 70% [...]

By |2019-05-13T12:40:32-04:00May 13th, 2019|Categories: Audit, Blog, Tax|0 Comments

Comparing Internal and External Audits

Businesses use two types of audits to gauge financial results: internal and external. Here’s a closer look at how they measure up. Focus Internal auditors go beyond traditional financial reporting. They focus on a company’s internal controls, accounting processes and [...]

By |2019-05-10T17:36:14-04:00May 10th, 2019|Categories: Blog, Tax|0 Comments

What Type of Expenses Can’t Be Written Off By Your Business?

If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business deductions aren’t specifically listed. It doesn’t explicitly state that you can deduct office supplies and certain other [...]

By |2019-05-06T20:38:12-04:00May 6th, 2019|Categories: Blog, Tax, Uncategorized|0 Comments

Lean Manufacturers: Reap the Benefits of Lean Accounting

Standard cost accounting doesn’t necessarily work for lean operations. Instead, lean accounting offers a simplified reporting alternative that generates more timely, relevant financial data. But it’s not right for every situation. What’s lean manufacturing? Lean manufacturers strive for continuous [...]

By |2019-05-03T14:53:08-04:00May 3rd, 2019|Categories: Audit, Blog, Tax, Uncategorized|0 Comments

Employee vs. Independent Contractor: How Should You Handle Worker Classification?

Many employers prefer to classify workers as independent contractors to lower costs, even if it means having less control over a worker’s day-to-day activities. But the government is on the lookout for businesses that classify workers as independent contractors simply [...]

By |2019-04-29T16:27:33-04:00April 29th, 2019|Categories: Audit, Blog, Small Business Services, Tax|Tags: , |0 Comments

Close-Up on Professional Standards for CPA

The accounting profession is largely self-regulated by the American Institute of Certified Public Accountants (AICPA). Part of its mission involves the development and enforcement of a broad range of standards for the profession. Why do these standards matter to you? [...]

By |2019-04-26T14:23:08-04:00April 26th, 2019|Categories: Audit, Blog, Small Business Services, Tax|0 Comments

Put a QOE Report to Work for You

An independent quality of earnings (QOE) report can be a valuable tool in mergers and acquisitions. It’s important for both buyers and sellers to look beyond the quantitative information provided by the selling company’s financial statements. Quality matters There’s a [...]

By |2019-04-22T15:09:30-04:00April 22nd, 2019|Categories: Blog, Small Business Services, Tax|Tags: |0 Comments

How Entrepreneurs must Treat Expenses on their Tax Return

Have you recently started a new business? Or are you contemplating starting one? Launching a new venture is a hectic, exciting time. And as you know, before you even open the doors, you generally have to spend a lot [...]

By |2019-04-22T15:00:10-04:00April 22nd, 2019|Categories: Blog, Small Business Services, Tax, Uncategorized|Tags: , |0 Comments

Now or Later? When to Report Subsequent Events

Financial statements present a company’s financial position as of a specific date, typically the end of the year or quarter. But sometimes events happen shortly after the end of the period that have financial implications for the prior period or [...]

By |2019-04-15T18:18:01-04:00April 15th, 2019|Categories: Blog, Tax|Tags: , |0 Comments

Deducting Business Meal Expenses Under Today’s Tax Rules

In the course of operating your business, you probably spend time and money “wining and dining” current or potential customers, vendors and employees. What can you deduct on your tax return for these expenses? The rules changed under the [...]

By |2019-04-15T18:18:57-04:00April 15th, 2019|Categories: Blog, Tax|Tags: , , |0 Comments