Month: April 2015
April 22, 2015
Today (04/22/15) FASB issued a proposed Accounting Standards Update intended to improve existing standards for financial statement presentation for Nonprofit Organizations. A summary of the changes is provided, as well as, the full proposed
April 13, 2015
Generally the CPA’s relationship with a new client begins due to a need for tax return preparation, financial statement preparation or both. Often, as business thrives and client needs expand, the CPA becomes involved with consulting and providing guidance on significant business decisions.
April 01, 2015
I commonly meet taxpayers who are the sole owners of their businesses who wish to incorporate or form a limited liability company (LLC) for legal purposes but may not understand that their decision may have unintended tax consequences or result in other unanticipated costs.