Financial Poise

Articles tagged: Accounting-Auditing-Taxation

two men sit at monitors, representing four types of private equity investments

Fundamentals of Corporate Structures and Their Effects on 4 Types of Equity Offerings

Four types of equity offerings issued by LLCs & corporations have benefits & drawbacks for investors. Learn about stock, LLC units and convertible debt.

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hand with cannabis representing IRS tax section 280E

IRC Tax Section 280E Update and Potential Tax “Loophole” for Cannabis Companies

Cannabis companies have felt the weight of IRC tax section 280E for a long time, but changes to the tax code may allow them to deduct from taxable income.

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a person holding 100 dollar bank notes representing PPP fraud, wondering if they should return PPP loan funds

SBA Threatens Audits: Should You Return Your PPP Loan Funds?

New SBA audits could expose PPP loan fraud for those who cannot certify applications made in good faith. Should you return PPP loan funds now?

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sand slipst hrough a brown hourglass, representing the need for private placement life insurance

In Wake of Tax Reform, Private Placement Life Insurance Has a Rising Role

Trump’s tax reforms eased tax rates on America’s wealthiest, which means opportunities in the private placement life insurance marketplace.

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An elderly woman and her granddaughter excitedly examine their stock portfolios on the granddaughter's phone, as they discuss tax strategy and variable annuities

Multi-Generational Tax Strategy for High Net Worth Families

To protect wealth for future generations, high-net-worth families shoud consider private placement variable annuities in their estate planning tax strategy.

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an abstract artwork for an abstract concept: SOC report

That’s SOC, Not SOX: SOC Reports Audit the Safety of Company Data

An SOC report tells business owners, buyers and fiduciary directors if their data is being safely managed by a service organization. Should you request one?

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Revenue recognition changes, like this business using credit cards, impacts business practices

The Impact of Revenue Recognition Changes to Business Practice

Changes to revenue recognition standards took effect in 2019 for private companies. See how your business practices should change.

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Cannabis like this, on a desk blotter, represents the marijuana taxes that cannabis companies must pay

Cannabis Companies and the Marijuana Tax: It’s Not Easy Being Green

Cannabis companies are overwhelmed by taxation and restrictions on their expense deductions via Section 208E, but new legislature may ease the pressure.

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people packing food pantry boxes, representing charitable donations

Making Charitable Donations: Seven Practical Considerations

Being Selfless While Also Watching Out For Your Wallet You may desire to be philanthropic, but handing over money may not be the most effective way to make charitable donations. Donors must confront many issues before making substantial gifts to a charity.  If you’re considering making a donation to a nonprofit, here are seven practical […]

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Business District representing financial statements

‘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.

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