Accounting, Audit, & Tax Archives

glasses resting on a textbook of accounting principles

‘Know Thy Numbers’ Installment #2 – Accounting Principles in a Nutshell

November 12, 2019
/ Business Owners & Executives
/ By Jonathan Friedland and Kristina Parren

Tags: Accounting, Audit, & Tax, EBITDA and Other Scary Words, Know Thy Numbers Know Thy Business, Small Business,

GAAP rules are accounting principles and concepts that shape how we present financial information. These are the 12 “Commandments” of GAAP accounting.

a calculator which says Don’t leave numbers to the accountant. If you don't know your numbers, you don't know your business.

‘Know Thy Numbers’ Installment #1 – Welcome to the Jungle, an Introduction to the Series

November 11, 2019
/ Business Owners & Executives
/ By Jonathan Friedland and Kristina Parren

Tags: Accounting, Audit, & Tax, Business Management, Financial Management, Know Thy Numbers Know Thy Business,

Don’t leave numbers to the accountant. An introduction to accounting and its basic concepts can equip you to make better business decisions.

blue skies, representing putting off the tax man with 1031 exchanges

Putting off the Tax Collector – The Basics of 1031 Exchange Rules

November 8, 2019
/ Investors
/ By Tracy Treger

Tags: Accounting, Audit, & Tax, Personal Finance & Investment, Real Estate Investing,

Hold off the tax man by following these 1031 exchange rules when selling and reinvesting in new properties.

gauzy beach scene symbolizing IRA beneficiaries

Will an Unapologetic Tax Hike Affect Your 401(k) or IRA Beneficiaries?

November 4, 2019
/ Investors
/ By Richard A. Sugar

Tags: Accounting, Audit, & Tax, Estate Planning & Asset Protection, Retirement,

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.

monk with children, symbolizing charitable giving

Using Your Assets for Good: Incorporating Charitable Giving into Your Financial or Estate Plan

Tags: ; Estate Planning & Asset Protection, Accounting, Audit, & Tax, Financial Management, Philanthropy,

Charitable giving is a rewarding process, but donors should be aware of the tax implications (and benefits) of each philanthropic approach.

An axehead chops a stump, symbolizing the 2017 tax cut and jobs act

Tax Cut and Jobs Act: Expectations Met and Unrealized

August 22, 2019
/ Business Owners & Executives • Investors
/ By Michael Silvio

Tags: Accounting, Audit, & Tax, Financial Management, Personal Finance & Investment,

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.

Similar but not identical row houses, representinglike-kind exchanges, a real estate swap mechanisms

The Economic Consequences of 1031 Exchanges: 5 Myths Debunked

August 9, 2019
/ Investors
/ By Tracy Treger
/ 3 COMMENTS

Tags: Accounting, Audit, & Tax, Alternative Assets, Real Estate Investing,

1031 exchanges are not cop-outs for the wealthy. Like-kind exchanges actually stimulate the economy. Here are 4 myths about 1031 exchanges, debunked.

EBITDA: What Does it Say and Not Say?

May 28, 2019
/ Investors
/ By Carmen Sims

Tags: Accounting, Audit, & Tax, Business Management, Business Planning,

Learn how EBITDA, or earnings before interest, taxes, depreciation and amortization, facilitates financial comparison among companies in the same sector.

Qualified Business Income: What to Expect from New Sec. 199A Updates

Tags: Accounting, Audit, & Tax, JOBS Act, Small Business,

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 […]