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Alyssa Martin
Brian Reed
Brian Thomas
Brittany George
Bruce Zaret
Cory Bunyard
Dale Jensen
David Duree
Elizabeth Bunk
Ira Nevelow
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Jeff Sanders
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Mostafa Popal
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The Power Behind a Segmented Income Statement
For lenders or other outsiders, a companywide income statement may be enough to evaluate your company's financial performance. However, from management's perspective, a "segmented" income statement can provide valuable insight into key performance drivers and possible improvement strategies.
Cents-Per-Mile Rate for Business Miles Decreases Slightly for 2020
This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-half cent, to 57.5 cents per mile. As a result, you might claim a lower deduction for vehicle-related expense for 2020 than you can for 2019.
Are Your District’s Electronic Payments Protected?
Do worries about electronic payment errors ever keep you up at night? What protects your district from a fraudster stealing taxpayer funds you’ll never recover? The good news is that you can protect your payments.
Good News for Nonprofits: Parking Benefits No Longer Taxable
The 2017 tax reform bill included one provision that has frustrated nonprofit organizations for the last two years: treating parking benefits to employees as taxable UBTI (unrelated business taxable income).
Health Care Companies Weigh In on Debt Classification
The Financial Accounting Standards Board (FASB) issued a proposal in September 2019 to simplify the classification of debt. Some health care organizations have raised concerns about the effects of the proposed changes on their financial metrics and debt covenants. The health care sector will get…
New Rules Will Soon Require Employers to Annually Disclose Retirement Income to Employees
As you’ve probably heard, a new law was recently passed with a wide range of retirement plan changes for employers and individuals. One of the provisions of the SECURE Act involves a new requirement for employers that sponsor tax-favored defined contribution retirement plans that are subject to…
Is That Really a Revenue Officer Knocking at Your Door?
Is that really the IRS knocking on your door? The IRS recently announced its revenue officers would make unannounced, in-person visits to taxpayers with compliance issues. The problem is, scammers got the word as well.
Clarifications on the Credit Loss Standard
Banks and creditor losses reporting from sourced loans will change with Accounting Standards Update (ASU) No. 2016-13, Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. Accountants have some lingering questions about updated guidance details,…