Thought Leadership

Wooden Judge's Gavel on Wooden Desk

New Law Provides a Variety of Tax Breaks to Businesses and Employers

While you were celebrating the holidays, you may not have noticed that Congress passed a law with a grab bag of provisions that provide tax relief to businesses and employers. The “Further Consolidated Appropriations Act, 2020” was signed into law on December 20, 2019. It makes many changes to the…

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Stack of Books

Will Naming the Lead Auditor Improve your Audit Quality?

Rule 3211, Auditor Reporting of Certain Audit Participants, has raised doubts on producing the intended benefits as explained in a recent study. The Public Company Accounting Oversight Board (PCAOB) issued the rule at the end of 2015. It requires accounting firms to identify the name of the…

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Pen Crossing Checklist Box

Puh-LEASE Be Prepared for GASB 87

Are you prepared for the new lease accounting standard for governments? Statement No. 87 (Leases) of the Governmental Accounting Standards Board (GASB) will require major changes in the way governments account for a variety of lease arrangements. It takes effect for reporting periods beginning…

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Stop Light

Taking the Company on the Road

For business owners, salespeople and other employees, a company car can be a valuable benefit. Thanks to the Tax Cuts and Jobs Act of 2017 (TCJA), the luxury auto threshold went from $15,800 to an inflation-adjusted $50,000. This means now could be an ideal time to invest in business vehicles. The…

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