FASB Responds to Small Private Companies

FASB responds to complaints from small private companies In recent years, the Financial Accounting Standard Board (FASB) has been simplifying their complex standards in response to complaints received from smaller private companies. Their primary complaint was the standards seemed to focus on the needs of stakeholders in large public companies rather than America’s large number…

Thinking about Outsourcing Payroll?

Protect your Payroll and Ask for a Service Audit Report Payroll can be an administrative nightmare if done in-house, especially for smaller companies. In addition to keeping up with employee withholdings and benefits enrollment, you must file state and federal payroll tax returns and follow union reporting requirements. Outside service companies that specialize in payroll…

Taxes and Cost Segregation

Could a cost segregation study save your company taxes? If your business has acquired, constructed or substantially improved a building recently, consider a cost segregation study. One of these studies can enable you to identify building costs that are properly allocable to tangible personal property rather than real property. And this may allow you to…

Tax Calendar Update

2017 Q2 tax calendar: Key deadlines for businesses and other employers Here are some of the key tax-related deadlines affecting businesses and other employers during the second quarter of 2017. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all…