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Jeff Ford has been elected to serve as the North American Audit Practice Chair for Geneva Group International (GGI). GGI is the world’s sixth largest organization of independent accounting law
Congress has taken significant steps to ensure that worldwide taxable income subject to United States taxation is properly reported. A major part of that effort is predicated upon collecting information
The long-awaited new FASB standard on lease accounting was issued in February 2016. ASU 2016-02 aims to ensure greater transparency in the financial reporting of leases. It becomes effective in
FASB ASU 2105-17 requires all deferred tax assets and liabilities to be classified as noncurrent on an entity’s balance sheet. This ASU becomes effective in 2016 for public companies and
Learn more about this favorable tax provision that was made permanent by the PATH Act. Older Americans can make tax-free qualified charitable distributions from their IRAs. Read the article from
House Representative and Small Business Committee Chairman Steve Chabot, R-Ohio, announced late last week that he will cosponsor the Promotion and Expansion of Private Employee Ownership Bill of 2015 HR
A little known financial resource published by the Internal Revenue Service is a posting to their website titled, “Tax Tips”. We find these tips to be helpful to our clients
Generally, under the Internal Revenue Code, amounts received in settlement or as a result of litigation for damages (other than punitive damages) received on account of personal physical injuries or
The Internal Revenue Service issued final regulations to define when a domestic entity is considered a specified domestic entity that must report specified foreign financial assets in which it holds
According to recently released Internal Revenue Service examination percentages for the last decade, S corporations and partnerships are being audited at higher rates for fiscal year 2015 (October 1, 2014
After seven years of fighting, a settlement was reached in a patent infringement case between Marvell Technology Group (Marvel) and Carnegie Mellon University (CMU). Previous Court decisions had awarded royalties
The Senate Finance Committee in Congress held a recent hearing at the 215 Dirksen Senate Office Building titled: “Helping Americans Prepare for Retirement: Increasing Access, Participation and Coverage in Retirement
