Who is Watching Over your Finances?

The Securities and Exchange Commission (SEC) requires all listed companies to have an audit committee (or equivalent) as part of its Board of Directors. Highly effective audit committees are comprised of “independent” members with at least one financial expert. Read...

IRS Loses Third Captive Case

On September 21st, 2015 the U.S. Tax Court ruled in favor of an insurance company, R.V.I. Guaranty Co., Ltd. & Subsidiaries v. Commissioner. It is the third major captive insurance case ruled in favor of taxpayers within the last two years and it comes on the...

Simplify to Innovate

Taking something complex and making it as simple as possible is an important aspect of innovation. To quote one of the great innovators of our time, Steve Jobs, “Simple can be harder than complex. You have to work hard to get your thinking clean to make it simple. But...

Upcoming Changes to Measurement

Confucius said, “Life is really simple, but we insist on making it complicated”. This truth can be said for the accounting profession and some of its related accounting pronouncements. With complex derivative instruments, hedging transactions, sharebased compensation,...