by | Aug 14, 2019 | In The News, Industries, News
If you are thinking of buying or selling a company, you have probably heard the term “due diligence.” What does this term actually mean? Although due diligence can essentially mean validating certain claims that have been made in any context (qualitative or...
by | Jul 22, 2019 | In The News, Industries, News
The Tax Cuts and Jobs Act has yielded just as many questions as answers since its inception. Restaurants structured as C-Corporations enjoy a 21% tax rate, while restaurants operating as “flow-through” entities enjoy the benefit of the 20% deduction of Qualified...
by | Jun 6, 2019 | In The News, Industries, News
One of the biggest challenges for the hospitality industry is the balancing act between customer service and the related internal controls that go into running a hotel, resort or restaurant. While the benefits of exemplary customer service are obvious (e.g. more...
by | Feb 11, 2019 | In The News, Industries, News, Tax Alerts
Created by the Tax Cuts and Jobs Act (TCJA), Opportunity Zones were designed to increase investment in low-income communities throughout the country. In June of 2018 over 8,000 communities in all 50 states, the District of Columbia and five U.S. territories were...
by | Dec 3, 2018 | In The News, Industries, News
That is how long it has been since the Financial Accounting Standards Board (FASB) last modified the accounting rules and disclosure requirements for non-profit entities, including churches, schools and 501(c)3 charitable entities. All this changed with the issuance...
by | Nov 5, 2018 | In The News, Industries, News, Tax Alerts
With the Tax Reform legislation passed in December 2017 and effective for new and used fixed asset additions, businesses can elect a 100% depreciation deduction for qualified tangible personal property. Also, businesses can immediately expense more amounts under the...
