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Accounting Topics

The Family Owned Business Succession Plan

May 15, 2013

Small businesses are the engine running the U.S. economy, helping fuel the recovery.   According to the Small Business Administration 90% of all businesses in North America are family owned and managed.  With the aging of the baby boomers, a... Read More

FASB reaches conclusions at Jan 31 meeting

January 22, 2013

At today’s Financial Accounting Standard Board (FASB) meeting the FASB completed deliberations on several topics. Two of the more important conclusions regarded going concern and fair value disclosure requirements for nonpublic entities. Going Concern The Board instructed the FASB Staff... Read More

Employee vs Independent Contractor

January 19, 2013

IRS program allows for payroll tax relief…but concerns continue. About a year ago, the IRS launched a program that allows employers to resolve past worker classification issues by voluntarily reclassifying their workers as employees rather than independent contractors. Under the... Read More

SEC approves PCAOB standard for Emerging Growth Companies

December 19, 2012

The leader of Frazier & Deeter’s Public Company Audit and Advisory Practice, Bill Godshall, discusses AS 16, the first auditing standard issued by the PCAOB and approved by the SEC since the JOBS Act was signed into law. This week the SEC... Read More

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