Your Guide to Understanding Goodwill Impairment
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 facing what is known as a goodwill impairment.
How To Plan Your Taxes
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 as soon as possible.
What You Need To Know About ASC 606: Revenue From Contracts With Customers
Historically, revenue recognition has been a permanently inconsistent process across companies and industries. However, ASC 606: Revenue From Contracts With Customers has changed that.
Get Prepared for the Tax Reform of 2019
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 to talk to your tax advisor, it’s time to do so and get prepared for the tax reform of 2019.
What Is An Audit?
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, accounting books and financial reports, an audit helps spot problems within your business. Audits find errors in your numbers and help with decision making.