1031 Exchanges - Updates
Mar 6, 2019
Section 1031 exchanges are better known as "Like-Kind Exchanges." Under the rules prior to the Tax Cuts and Jobs Act (TCJA), capital gains tax could…
Month-End Closing Procedures – Hard Close vs Soft Close
Feb 26, 2019
Another month in the books…but now it is time to reconcile and close out the previous month. By the time your accounting team has ironed out and…
Bitcoin – Tax Treatment by IRS
Feb 22, 2019
Are you among the fortunate ones who hopped aboard the Bitcoin trade early in the game and rode it to its peak before cashing in? Or are you like most…
Stock Options - When Are You Taxed?
Feb 13, 2019
A stock option is when a company grants employees, officers, directors, contractors, or consultants the right to purchase a specified number of shares…
Itemized Deductions for Homeowners
Feb 6, 2019
The 2018 Tax reform has had a huge impact on Schedule A deductions. Here are five ways the Tax Cuts and Jobs Act impacted deductions related to your…
Accounting for Construction Projects – Comparing the Completed-Contract and Percentage-of-Completion Methods
Jan 30, 2019
When accounting for the revenues and costs recognized on long-term construction-type contacts, there are two main methods
Choosing a Business Structure - What works best for you?
Jan 23, 2019
Whether you’re starting a new business or are already in operation, the correct business structure will help maximize your tax situation under the…
3 Things to Know Before Taking a 401(k) Distribution
Jan 10, 2019
Everyone knows planning for financial security in retirement is important and one of the most common savings methods is a 401(k) plan.
Preparing for Your Annual Financial Statement Audit or Review – Some Key Considerations
Jan 1, 2019
It is that time of year again. Your business (or not-for-profit) is closing the books on one year, preparing for the next, and the year-end financial…
Retirement Plans - Save for your future and one of the benefits is saving tax dollars today!
Dec 18, 2018
There are many different retirement plans options available. The most common plans are 401(k), 403(b), and IRAs. 401(k)s are offered to employees by…