As a business owner, you probably acquire a great many assets. However, in some cases, you may end up paying more for those assets than their book value. When that happens and then the asset’s value is reduced, you are…

Tax planning is an important element that should be part of your financial plan. If paying the least amount of income tax is your goal, then tax planning has to be a part of it and it must be started…

Historically, revenue recognition has been a permanently inconsistent process across companies and industries. However, ASC 606: Revenue From Contracts With Customers has changed that.

When it comes to taxes, April 15, 2019 marks the end of the year, and one that brings many changes with the new Tax Cuts and Jobs Act that has significantly altered the U.S. tax code. If you have yet…

What is an audit? For businesses big and small, an audit can be more of a maintenance check than a negative situation. Audits examine your business’ financial records to ensure they are accurate. Through a systematic review of your transactions,…