Infoflash Blog
Yes, You Can Lower Your Property Taxes
You can pay off your mortgage, never again seeing a bill from the bank for principal or interest, but you can never pay off your property taxes. Property taxes also, unfortunately, only seem to go one way – UP! You’ll never be able to get rid of your property taxes...
Accounting Standards Update for Not-For-Profit Entities
By Johnson Olatunji, CPA The Financial Accounting Standards Board (FASB) has released Accounting Standards Update No. 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements for Not-for-Profit Entities. These changes present a radical shift...
Is Franchising For You?
Are you interested in rapidly expanding your business? You might consider franchising, especially if your business model is easily replicated. A franchise is a legal and commercial relationship between the owner of a trademark, service mark, trade name, or advertising...
Accounting Standards Update for Benefit Plans | Part III
by Eric Ernest, ERISA Compliance Partner Part III – Measurement Date Practical Expedient Accounting Standards Update No. 2015-04, Compensation—Retirement Benefits (Topic 715): Practical Expedient for the Measurement Date of an Employer’s Defined Benefit Obligation and...
Taking Credit – Understanding Available Employment Tax Credits
By Thomas Jones, Partner, Tax Services Our nation’s unemployment rate hovers at nine percent and monthly job losses continue to rise. That has generated discussions in Washington about innovative fiscal policy instruments, such as job creation tax credits, to help...
Accounting Standards Update for Employee Benefit Plans | Part I
by Eric Ernest, ERISA Compliance Partner On July 31, 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2015-12, a three-part standard that provides guidance on certain aspects of the accounting by employee benefit plans....
Internal Audit Efficiency
By Darlene Brown, Director, Risk Advisory Services Prior to Enron’s issues and the passage of Sarbanes-Oxley, many companies decided to outsource their internal audit function. That trend was reversed starting with the control issues of 2001 and 2002. However, over...