Thought Leadership

business financial report on desk

Reporting for Business Segments

The Financial Accounting Standards Board (FASB) is looking for public companies to participate in its study about the prospects of improving the guidance for aggregating business segments and the reportable segments process.

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Family Business

3 Bills Form Tax Reform 2.0

On September 13, the House Ways and Means Committee passed three separate bills that will be the cornerstone of what is being referred to as Tax Reform 2.0.

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Warehouse Storage

Employee or Independent Contractor: Worker Classification Matters

There’s a fine line between employee and independent contractor. The distinction may take on even greater importance under the new tax law as some employees try to shift ordinary income into business income to be eligible for the new qualified business income (QBI) deduction.

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Have You Started Implementing the New Lease Standard?

Large public companies that have already implemented the new lease standard are reporting that it takes much more legwork than they’d anticipated. The Financial Accounting Standards Board (FASB) recently approved amendments to the standard that were designed to aid implementation.

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