By Nick Spoltore On November 2, 2017, the House released The Tax Cuts and Jobs Act. It is the most comprehensive tax legislation since 1986. Its intended tax reform may very well affect each American taxpayer. The Senate just announced it will release its own tax reform legislation by the end of this week, so […]
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To Hedge or Not to Hedge: Assessing the Impact of ASU No. 2017-12 on Small and Medium-Sized Businesses
By Rich Daisley, CPA In its recent issuance, ASU No. 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities, the FASB both simplified certain elements of hedge accounting under Topic 815 as well as increased the types of effective risk management strategies for which hedge accounting treatment would be applicable. In […]
Policy Highlights of the Tax Cuts & Jobs Act
By Nick Spoltore Early on November 2nd, a press release from the U.S. House of Representatives Committee on Ways & Means provided policy highlights of the Tax Cuts & Jobs Act. The following are the hot-off-the presses details you and your clients need to know. The tax rates will be 12%, 25%, 35%, and 39.6% – retaining the current […]
QuickBooks Online vs QuickBooks Desktop: Which is Better for You?
By Ilene Eisen, CPA.CITP I have been working with QuickBooks clients for over 20 years and I have seen many changes in both the online and the desktop versions. I am a fan of both versions but when it comes to choosing which is best, it’s important to consider your company’s needs and the way […]
Nom de Persona: An Ultimate Plan for Usernames and Passwords
By Mary Trapani Usernames. I can’t sign up for that new, cool service because I cannot come up with even one more username. Passwords. The bane of many an existence. Change it every 30 days and you can’t use the same one as you ever did in the last 40 years. It’s a hassle. As […]
Where Are We On the Trump Tax Reform Plan?
By Nick Spoltore On September 27, 2017, the Trump Tax Reform Plan (the framework of the “Big Six” group of Congressional and White House tax-reform precepts) was released. In the document, titled “Unified Framework For Fixing Our Broken Tax Code,” President Trump lays out four principles for tax reform at the core of this unified framework: 1. […]
The Equifax Breach: Take it Seriously and Take Action
by Mary Trapani Make no mistake – the Equifax breach is huge and will have a massive impact. It is very likely that you, a client, or someone you care about will be Equi-fected. I say this not to scare you but to call you to action! Some feel Equifax is a victim since they […]
Keeping UP! The Four Kinds of Energy Every Organization Needs
Energy is often one of the most ignored -- and most important -- factors in individual and corporate success. If you think your organization needs an energy boost, here’s a 4-step diagnostic tool to find out, from change management and corporate identity consultant Greg Conderacci.
Firm Spotlight: Austin’s The Mangold Group, CPAs, PC
Specializing in complex partnerships, contract controllership and CFO services, The Mangold Group of Austin, TX is one of the top 25 CPA firms in Austin, TX.
(Video) Emergent Solutions’ Jen Louis, CPA: Making Learning Accounting & Auditing Fun
Seasoned audit manager and Surgent CPE instructor Jen Louis, CPA makes learning Accounting & Auditing fun with creative teaching concepts. Watch this video to meet Jen, and find out how!