Posts Tagged ‘accountant massachusetts’

Accounting & Audit Alert- The art and science of goodwill impairment testing

Goodwill shows up on a company’s balance sheet when the company has been acquired in a business combination. It represents what’s left over after the purchase price in a merger or acquisition is allocated to

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Posted In: Alerts & Advisories

Emerging Tax Alert- IRS updates rules for mileage-related deductions

The IRS has issued new guidance updating the rules for using optional standard mileage rates when calculating “above-the-line” deductions for the costs of operating an automobile for certain purposes. IRS Revenue Procedure 2019-46 also lays

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Manage your working capital more efficiently

Working capital is the difference between a company’s current assets and current liabilities. For a business to thrive, its working capital must be greater than zero. A positive balance enables the company to meet its

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Posted In: Alerts & Advisories

5 ways to trim 2019 taxes

Additional Resources for year-end tax planning: Factor 2020 cost-of-living adjustments into your year-end tax planning Business year-end tax planning in a TCJA world It’s not too late to trim your 2019 tax bill Selling securities

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Accounting & Audit Alert- GAAP vs. tax-basis: Which is right for your business?

Most businesses report financial performance using U.S. Generally Accepted Accounting Principles (GAAP). But the income-tax-basis format can save time and money for some private companies. Here’s information to help you choose the financial reporting framework

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Tax Alert- Small businesses: Stay clear of a severe payroll tax penalty

One of the most laborious tasks for small businesses is managing payroll. But it’s critical that you not only withhold the right amount of taxes from employees’ paychecks but also that you pay them over

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Posted In: Alerts & Advisories

Scott Kaplowitch Speaks at the Business Fundamentals Bootcamp

Today, Managing Partner Scott Kaplowitch, presented about Finance & Administration at the Business Fundamentals Bootcamp at CIC Boston.  He taught ‘Choose Your Entity Wisely and How to Compensate Your Employees’ to the audience of mature and

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