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Accounting News
Recent SSAP Adoptions from the 2018 NAIC Fall Planning Meeting
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read moreWhat’s New for 2019: A Roundup of Tax Changes Going Into Effect This Year — Part II
A number of important tax changes go into effect in 2019. Some were ushered in by legislation such as the Tax Cuts and Jobs Act, the 2016 Consolidated Appropriations Act, and the Bipartisan Budget Act of 2018. Still other changes are the result of various...
read moreReady or Not, Private Companies Must Follow New Revenue Rules in 2019
Private companies must start following the FASB's landmark revenue recognition standard in 2019 — now. Many financial reporting professionals report that private companies still have work to do to meet the demands of the new, sweeping rules for calculating the top...
read moreInterim Guidance on TCJA Changes to Qualified Transportation Fringe Parking Expense Rules
In a Notice and accompanying information release, IRS has provided interim guidance for taxpayers to determine the amount of parking expenses for qualified transportation fringes (QTFs) that is nondeductible under Code Sec. 274(a)(4) and for tax-exempt organizations...
read moreTax Reform Brings Changes to Qualified Moving Expenses
IRS Tax Reform Tax Tip 2018-192 For businesses that have employees, there are changes to fringe benefits that can affect a business’s bottom line and their employee’s tax liabilities. One of these changes is to qualified moving expenses. Under previous law, payment or...
read moreAutomatic Consent Procedures For Insurance Company Changing Basis of Computing Reserves Under the TCJA
AUTOMATIC CONSENT PROCEDURES FOR INSURANCE COMPANY CHANGING BASIS OF COMPUTING RESERVES UNDER TCJA In a Revenue Procedure, IRS has provided the procedures under Code Sec. 446 and Reg § 1.446-1(e) for an insurance company changing its basis of computing reserves...
read moreThe Basic Basics of Mobile App Security Testing and Development
By Cameron Hodson, Audit Senior, Larson and Company CPAs Mobile applications or “apps” have been part of everyday use for the past decade and companies have potentially dozens of apps available for employees and customers. Should we be worried if the industries’ race...
read moreWhat’s New for 2019: A Roundup of Tax Changes Going Into Effect This Year— Part I
A number of important tax changes go into effect in 2019. Some were ushered in by legislation such as the Tax Cuts and Jobs Act, the 2016 Consolidated Appropriations Act, and the Bipartisan Budget Act of 2018. Still other changes are the result of various...
read more