BLog-News-updates
Accounting News
Improving 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...
read more5 Important IT General Controls All Companies Should Consider
By Andrew Wan, CPA, CFE IT systems are now an integral part of many companies' everyday life. From the use of the simple solutions like Square for a small businesses’ point-of-sale tracking, to more robust and dynamic integrated GL packages like SAP for large...
read moreWhat to do with CAM, Taxes and Insurance for New Lease Accounting Standard ASC 842
By Andrew Wan, CPA, CFE New lease accounting is now here! For public companies, it begins for annual periods beginning after December 15, 2018 and for private companies it begins for annual periods beginning after December 15, 2019. This new guidance requires...
read moreNew Auditing Standards For Employee Benefit Plans Announced
Recent Developments That May Affect YOUR Tax Situation
The following is a summary of important tax developments that occurred in October, November, and December of 2018 that may affect you, your family, your investments, and your livelihood. Please Larson & Company for more information about any of these developments and...
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