Like-kind exchanges provide a unique money saving and investment tool for businesses and taxpayers.
Many businesses are not aware their employee benefit plans may come with annual reporting obligations. Most employee benefit plans – that are large plans –…
The statement of cash flows provides answers to the important question “Where did the money go?”
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…
The update is significant for the financial reporting and compliance requirements it presents to businesses across all sectors.
Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 410-20 (formerly FASB Statement No. 143) has particular implications for oil and gas companies due to…
Advances in technology and efficiency of U.S. oil and natural gas has led to significant increases in production, and with that, additional accounting challenges for…
With increased income from royalties and leases comes additional tax and financial planning obligations, which if left unaddressed could result in substantial income and estate…
Employers who withhold employee salaries as contributions to benefits plans must act as timely and efficient stewards of these funds or risk fines from the…