It's getting to be that time of the year to review your business's expenses for deductibility. The deductibility of certain expenses is obvious, while in other cases it’s unclear. And the TCJA affects many business
Independent Contractor vs. Employee: Worker Classification Matters Many employers mistakenly believe that the misclassification of employees as independent contractors doesn’t really matter, so long as the contractors satisfy all of their tax obligations. This couldn’t
A cost segregation study can accelerate depreciation deductions Businesses that acquire, construct or substantially improve a building — or did so in previous years — should consider a cost segregation study. These studies combine accounting
Over time, many business owners develop a sixth sense: They learn how to “read” a financial statement by computing financial ratios and comparing them to the company’s results over time and against those of competitors.
Fill Out The Form Below For Your Copy. Froehling Anderson can help identify areas of your business that affect profitability and growth and provide you with solutions that are practical and technically
The USCIS (United States Citizenship and Immigration Services) released a revised version of Form I-9 on July 17, 2017. By September 18, 2017, employers must use the revised form with a revision date of 7/17/17N.
Under U.S. Generally Accepted Accounting Principles (GAAP), there are strict rules on when to recognize revenues and expenses. Here’s important information about end of period accounting “cutoffs” as companies start to adopt the new revenue
Treating transfers of money between a closely held business and its owners as loans can provide tax advantages. It’s common for closely held businesses to transfer money into and out of the company, often in the
The sweeping new revenue recognition standard goes into effect soon. But many companies are behind on implementing it. Whether your company is public or private, you can’t afford to delay the implementation process any longer.
A pro-forma balance sheet is a tabulation of future projections and can help your business manage your assets now for better results in the future. It can assure that there are no surprises in the
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