X
X

Find Your Specialist

X

Contact Us

Accounting Topics

What the New Tax Law Means for Your 1040

January 18, 2018

The Tax Cuts and Jobs Act (TCJA) takes effect this year. The big question now is what are the big changes and how do they affect taxpayers with different situations? More tax cut than tax reform, the measure is expected... Read More

Complex New Rules for Passthrough Taxes Explained

January 12, 2018

Just before year-end in 2017, President Trump signed into law the Tax Cuts and Jobs Act, Public Law 115-97, with massive tax cuts of $1.5 trillion over the next decade. The changes affect all individuals and every type of business... Read More

Large Employers Should Watch for IRS Letters about their Company Health Plans

January 8, 2018

While Congress eliminated the Affordable Care Act’s individual mandate, that doesn’t impact the employer requirements. The IRS is ramping up its efforts to enforce penalties against large employers who do not provide adequate health insurance plans. Employers with 50 or... Read More

Partnership Loses Millions for Faulty Conservation Easement on Famous Building Façade

November 20, 2017

The Palmolive Building in Chicago is one of the country’s premier Art Deco skyscrapers. Built in 1929 as headquarters for the famous soap manufacturers, the building was later occupied by Playboy Enterprises for about 30 years, then housed retail, offices... Read More

Congress in Its Own Christmas Rush to Pass Tax Reform

November 15, 2017

Side-by-Side of House and Senate Bills Determined to get something passed before the holidays, the House and Senate are working feverishly on tax reform bills. The House bill is H.R. 1, reported out of the House Ways and Means Committee... Read More

Partnership Audit Rules Shift Focus to the Entity

July 25, 2017

Two years ago, Congress enacted the Bipartisan Budget Act of 2015, which made significant changes to the way partnerships are audited. The Act requires that tax be assessed and collected at the partnership level instead of the partner level. The... Read More

New Accounting Alternative for Private Companies

May 19, 2017

Breaking News! A new accounting alternative for private companies has been approved by the Financial Accounting Standards Board.   Find out more about the new guidance for applying variable interest to common control leasing arrangements by reading this blog written by... Read More

Accounting Standards Update Issue 12 D

May 15, 2017

On January 17, 2013 the Financial Accounting Standard Board’s Emerging Issues Task Force (“EITF”) finalized an issue related to accounting for obligations resulting from joint and several liability arrangements. If the EITF’s consensus is ratified by the Financial Accounting Standards... Read More

Perspectives: Revenue Recognition and Healthcare Organizations

March 15, 2017

Healthcare organizations face possibly the most daunting set of compliance issues of any industry. On top of the ongoing uncertainty regarding the ACA and the need to protect private patient information, healthcare organizations also have changes to accounting standards to... Read More

DOL Overtime Regulations on Hold

November 28, 2016

The December 1st deadline for U.S. Department of Labor’s increased exempt-status salary thresholds is on hold, at least temporarily. Last week a federal judge in Texas entered a nationwide injunction blocking the Department Of Labor (DOL) from implementing the new... Read More

Page 1 of 41234