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So far Thomson Reuters has created 401 blog entries.

Have you followed up on the management letter from your audit team?

Auditors typically deliver financial statements to calendar-year businesses in the spring. A useful tool that accompanies the annual report is the management letter. It may provide suggestions — based on industry best practices — on how to fortify internal [...]

By |2021-08-09T11:37:34-04:00August 6th, 2021|Categories: Audit, Blog|Comments Off on Have you followed up on the management letter from your audit team?

Emergency Tax Relief for Wildfire Counties

Three counties in northern California given emergency tax relief. Due to wildfires occurring in July 2021, the counties of Siskiyou, Lassen and Plumas have been declared to be in states of emergency. The CA Dept. of Tax and Fee [...]

By |2021-09-08T11:09:12-04:00August 4th, 2021|Categories: Blog, SALT, Tax|Comments Off on Emergency Tax Relief for Wildfire Counties

Financial Statements: Get the Whole Story

A complete set of financial statements for your business contains three reports. Each serves a different purpose, but ultimately helps stakeholders — including managers, employees, investors and lenders — evaluate a company’s performance. Here’s an overview of each report [...]

By |2021-07-30T12:51:13-04:00July 30th, 2021|Categories: Audit, Blog|Comments Off on Financial Statements: Get the Whole Story

Unclaimed Property

Every state has unclaimed property, including California. Such property may include uncashed checks, insurance benefits, wages, bank accounts, and more. Existing law authorizes the CA Franchise Tax Board (FTB) to disclose specific information to the controller’s office to help [...]

By |2021-07-28T17:27:55-04:00July 28th, 2021|Categories: Blog, California, SALT, Tax|Comments Off on Unclaimed Property

California Community and Neighborhood Tree Voluntary Contribution Fund

New legislation has established the California Community and Neighborhood Tree Voluntary Contribution Fund. The name of the fund will appear on CA personal income tax returns, with other authorized funds, which individuals may contribute to by checking a box [...]

By |2021-09-08T10:49:09-04:00July 28th, 2021|Categories: Blog, California, SALT, Tax|Comments Off on California Community and Neighborhood Tree Voluntary Contribution Fund

Deducting Corporate Expenses Covered by Shareholders

Do you play a major role in a closely held corporation and sometimes spend money on corporate expenses personally? These costs may wind up being non deductible both by an officer and the corporation unless proper steps are taken. [...]

By |2021-07-26T12:20:03-04:00July 26th, 2021|Categories: Blog, Tax|Comments Off on Deducting Corporate Expenses Covered by Shareholders

Analytical Software Tools for Auditing

Analytical software tools will never fully replace auditors, but they can help auditors do their work more efficiently and effectively. Here’s an overview of how data analytics — such as outlier detection, regression analysis and semantic modeling — can [...]

By |2021-07-23T15:14:28-04:00July 23rd, 2021|Categories: Audit, Blog|Comments Off on Analytical Software Tools for Auditing

PPP forgiveness and repayment: What businesses need to know now

A critical deadline is approaching for many of the businesses that have received loans under the Paycheck Protection Program (PPP), which was created in March 2020 by the CARES Act. If these borrowers don’t take action before the deadline [...]

By |2021-07-22T13:10:30-04:00July 22nd, 2021|Categories: Uncategorized|Comments Off on PPP forgiveness and repayment: What businesses need to know now

PPP Loan Forgiveness Fact Sheet

California has revised its webpage on forgiven Paycheck Protection Program (PPP) loans. The CA Franchise Tax Board (FTB) has added a related page of frequently asked questions for PPP loans. Topics include an overview of the income exclusion for [...]

By |2021-07-28T17:52:05-04:00July 21st, 2021|Categories: Blog, California, SALT, Tax|Comments Off on PPP Loan Forgiveness Fact Sheet
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