Jun 7, 2019 | Firm Updates
Accounting for leases can be quite complicated, but the benefits of entering into a lease agreement may outweigh the tricky task of analyzing each new contract. In February 2016, the Financial Accounting Standard Board (FASB) issued Accounting Standard Update (ASU)...
Jun 4, 2019 | Firm Updates, Individual Tax, Tax Tips
When you retire, you may consider moving to another state — say, for the weather or to be closer to your loved ones. Don’t forget to factor state and local taxes into the equation. Establishing residency for state tax purposes may be more complicated than it initially...
May 31, 2019 | Firm Updates, International Tax
By Linda M. Bruckner, CPA On May 17th, I had the privilege of meeting with my PrimeGlobal international tax colleagues in Chicago to discuss various issues important to our clients. The PrimeGlobal association of independent accounting firms is a worldwide...
May 28, 2019 | Firm Updates, Individual Tax, Small Business, Tax Tips
The IRS just released its audit statistics for the 2018 fiscal year, and fewer taxpayers had their returns examined as compared with prior years. However, even though a small percentage of tax returns are being chosen for audit these days, that will be little...
May 21, 2019 | Firm Updates, Small Business
If you’re a business owner and you hire your children (or grandchildren) this summer, you can obtain tax breaks and other nontax benefits. The kids can gain on-the-job experience, save for college and learn how to manage money. And you may be able to: Shift your...
May 20, 2019 | Firm Updates, Tax Tips
With summer almost here, many students will turn their attention to making money from a summer job. Whether it’s flipping burgers or filing documents, the IRS wants student workers to know some facts about their summer jobs and taxes. Not all the money they earn will...
