Accounting for remodel and refresh expenditures can now be easier for certain retailers and restaurants, thanks to IRS Revenue Procedure 2015-56. Effective since January 1,…
Business owners need to be aware that significant employee layoffs may lead to unintended partial plan terminations. In our region, oil and gas companies could…
As President-elect Donald Trump’s inauguration gets closer, businesses and individuals alike wonder how the new administration’s tax policies will affect them.
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?”
The update is significant for the financial reporting and compliance requirements it presents to businesses across all sectors.
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…
Retirement plans are not static documents. As the laws and regulations that govern employee contribution plans change, employers need to update their plan documents to…
The historic preservation tax credit program is designed to encourage developers to restore historic buildings of cultural and aesthetic significance for commercial and residential use.