Financial Statement Preparation
Financial Peace of Mind
Financial statement preparation involves using standards set forth by the AICPA to organize and communicate critical financial information. This includes taking provided financial information that has been collected over a reporting period, and organizing the information into financial statements which will bring value to management. Common financial statement methods used for preparations include accrual basis, cash basis and income tax basis.
Recent Articles
Here’s How Congress Plans to Make the IRS More Tax-Payer Friendly
The House recently passed the Retirement, Savings, and Other Tax Relief Act of 2018, which includes the Taxpayers First Act of 2018: legislation created to protect taxpayers from unfair practices as well as improve IRS operations. If the Bill makes it through the...
The Effect of the Tax Cuts and Jobs Act on Employee Reimbursement
Are your employees reimbursed for work-related travel expenses? If not, you might want to reconsider. Changes under the Tax Cuts and Jobs Act make reimbursements even more attractive to employees. The new tax code implemented significant changes to moving and travel...
How to Determine if Your Taxes Will Increase for the 2019 Tax-Filing Season
President Trump signed the Tax Cuts and Jobs Act in December of last year, but the income tax credits, deductions, and individual tax rates aren’t applicable until the 2019 tax-filing season. Various factors, such as your tax bracket, can influence whether your taxes...
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