Archive for June, 2016

How to consider the potential impairment of long-lived assets during times of downturn

Current economic conditions for the energy sector may indicate that the carrying amount for a long-lived asset has become unrecoverable. In these circumstances, the asset becomes impaired.

Estate Planning – How, When and Why? Part 2

Carefully executed estate planning also allows you to maximize the value of the inheritance you leave to your beneficiaries.

Who is required to file an FBAR?

U.S. citizens with financial interest in or signature authority over a foreign financial account may need to file a Report of Foreign Bank and Financial Accounts, or FBAR.

Estate Planning – How, When and Why? Part 1

While many think estate planning is only for the elderly or rich, estate planning allows everyone to protect their family’s financial security and ensure their final wishes are respected.