BLog-News-updates
Accounting News
Recent developments that may affect a YOUR tax situation
The following is a summary of important tax developments that occurred in January, February, and March of 2019 that may affect you, your family, your investments, and your livelihood. Please call us for more information about any of these developments and what steps...
read moreTreat your captive like an insurance company, not a tax dodge
Another example of why if you’re going to set up a captive, you need to treat it like an insurance company and not a tax dodge. Captive Insurance Arrangement Not Insurance; Premiums Not Deductible A microcaptive insurance arrangement did not meet the definition of...
read moreUpcoming GAAP Updates as of 4-8-2019
Click here for a printable version.
read moreUPDATE: ASU 2016-01 FINANCIAL INSTRUMENTS
WHY: Before the global financial crisis that began in 2008, both the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) began a joint project to improve and to achieve convergence of their respective standards on the...
read moreImproving Financial Oversight of Board Members
by Kyle Robbins, CPA Individuals will often join a not-for-profit board with the intent of focusing on their strengths to help further the mission of the organization. These strengths are also what made the individual stand out to the organization in the board...
read moreIRS Warns Taxpayers of New Twist on Phone Scam
The IRS has warned taxpayers of a new twist on the impersonation phone scam as criminals fake calls from the Taxpayer Advocate Service (TAS). In this scam, criminals "spoof" the telephone number of the TAS office in Houston or Brooklyn. Calls might be...
read moreChoices for taxpayers who don’t have cash to pay their income tax bills
Checkpoint Newsstand 3/15/19 As the April 15th deadline for filing 2018 income tax returns draws near, some taxpayers may not have the cash to pay the balance due on their returns. Clients can avoid penalties but not interest if they can get an extension of time to...
read moreShould I have a Technology Expert on my Insurance Company Board?
By Andrew Wan, CPA, CFE Yes! The answer is simply yes. There are currently key forces that are already disrupting the insurance industry, including new technology to minimize the cost of underwriting while providing customers with the ease of access through online and...
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