Archive for Alerts & Advisories Category

Emerging Tax Alert- Executive action deferring payroll taxes

What does the executive action deferring payroll taxes mean for employers and employees? On August 8, 2020, President Trump signed an executive memorandum that defers an employee’s portion of Social Security and Medicare taxes from

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Posted In: Alerts & Advisories

Accounting & Audit Alert – Forecasting financial results for a start-up business

There’s a bright side to today’s unprecedented market conditions: Agile people may discover opportunities to start new business ventures. Start-ups need a comprehensive business plan, including detailed financial forecasts, to drum up capital from investors

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Reporting CAMs in the COVID-19 era

Starting in 2019, auditors’ reports for certain public companies must contain a new element: critical audit matters (CAMs). The requirement was in effect for audits of large accelerated filers (with market values of $700 million

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Posted In: Alerts & Advisories

Tax Alert- Are scholarships tax-free or taxable?

COVID-19 is changing the landscape for many schools this fall. But many children and young adults are going back, even if it’s just for online learning, and some parents will be facing tuition bills. If

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Drive success with dashboard reports

Timely, relevant financial data is critical to managing a business in today’s unprecedented conditions. Similar to the control panel in a vehicle or machine, dashboard reports provide a real-time snapshot of how your business is

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Posted In: Alerts & Advisories

Tax Alert – Take advantage of a “stepped-up basis” when you inherit property

If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes. Fair market value rules Under the fair market value basis rules (also known

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Posted In: Alerts & Advisories

Accounting & Audit Alert – External audits offer many benefits to nonprofits

Your nonprofit organization may be required to hire an independent outside CPA to audit its books, depending on its annual gross receipts and other factors. Even when external audits aren’t mandated, however, they’re often recommended.

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Posted In: Alerts & Advisories

Accounting & Audit Alert – Reporting embedded leases

In 2016, the Financial Accounting Standards Board (FASB) published guidance that requires major changes to how leases are reported on financial statements. One area of the guidance that’s especially complicated relates to “embedded” leases. Updated

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Posted In: Alerts & Advisories

Jason Pierce to be panelist on Boston Bar Association webinar

On Friday, July 17, 2020, Jason Pierce will be an expert panelist on the Boston Bar Association’s webinar, Sophisticated Financial Issues in Divorce Matters and the Impact of COVID-19. The webinar will discuss: Divorce cases

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Posted In: Alerts & Advisories, Events, Resources

IT Consulting Services: Keeping your workforce healthy

As offices begin to reopen for employees, the top priority is how you’re going to keep your work force safe and healthy.  One item for consideration is screening people for their temperatures.  Did you know

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Posted In: Alerts & Advisories, Resources