Beginning in fiscal year 2019, public companies will start seeing expanded reports from their financial auditors.
The Director of the New Jersey Division of Taxation announced the beginning of the New Jersey Tax Amnesty Program. The program runs from November 15, 2018, to January 15, 2019.
Under the Tax Cuts and Jobs Act (TCJA), many more businesses are now eligible to use the cash method of accounting for federal tax purposes. The cash method offers greater tax-planning flexibility, allowing some businesses to defer taxable income.
The Tax Cuts and Jobs Act (TCJA) — which passed late in 2017 — is long and complicated. Its effects will vary from business to business, depending on each one’s structure and the nature of its operations.
On October 10, the Financial Accounting Standards Board (FASB) agreed to release for public comment a proposal from its Emerging Issues Task Force (EITF) to align the accounting for the production costs of TV shows with that for the costs of movies.
If most of your money is tied up in your business, retirement can be a challenge. So if you haven’t already set up a tax-advantaged retirement plan, consider doing so this year.
No one wants to allow fraud, which has reputational costs as well as financial ones — but how do you prevent it? Monitoring employees is one common answer, but where does monitoring cross the line into illegal invasion of privacy.