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Articles tagged: Accounting-Auditing-Taxation
‘Know Thy Numbers’ Installment #3: Types of Financial Statements
From the statement of income to the statement of cash flows, here’s how various types of financial statements present a bigger picture of company health. Read More
‘Know Thy Numbers’ Installment #2 – Accounting Principles in a Nutshell
GAAP rules are accounting principles and concepts that shape how we present financial information. These are the 12 “Commandments” of GAAP accounting. Read More
‘Know Thy Numbers’ Installment #1 – Welcome to the Jungle, an Introduction to the Series
Don’t leave numbers to the accountant. An introduction to accounting and its basic concepts can equip you to make better business decisions. Read More
Putting off the Tax Collector – The Basics of 1031 Exchange Rules
Hold off the tax man by following these 1031 exchange rules when selling and reinvesting in new properties. Read More
Will an Unapologetic Tax Hike Affect Your 401(k) or IRA Beneficiaries?
You worked a lifetime to grow your retirement fund. Now, pending bills in DC may speed taxes on retirement benefits and impact 401k and IRA beneficiaries. Read More
Using Your Assets for Good: Incorporating Charitable Giving into Your Financial or Estate Plan
Charitable giving is a rewarding process, but donors should be aware of the tax implications (and benefits) of each philanthropic approach. Read More
Tax Cut and Jobs Act: Expectations Met and Unrealized
Expectations were high for the Tax Cut and Jobs Act in 2017. Were those expectations met? How the tax reform actually affects you and your business in 2019. Read More
The Economic Consequences of 1031 Exchanges: 5 Myths Debunked
1031 exchanges are not cop-outs for the wealthy. Like-kind exchanges actually stimulate the economy. Here are 4 myths about 1031 exchanges, debunked. Read More
EBITDA: What Does it Say and Not Say?
Learn how EBITDA, or earnings before interest, taxes, depreciation and amortization, facilitates financial comparison among companies in the same sector. Read More
Qualified Business Income: What to Expect from New Sec. 199A Updates
What Qualifies as Qualified Business Income? In the six months following the passage of the landmark Tax Cuts and Jobs Act, the business community has been anxiously awaiting clarifications on certain aspects of the legislation. Specifically, the area that defines qualified business income. Now, guidance is finally on the way. In summer 2018, the IRS […] Read More