Few restaurant and franchise owners would cite internal controls among the key ingredients to success. However, restaurant internal controls are crucial to operating a self-reliant business and minimizing financial mistakes
Upcoming Changes to the Measure of Inventory
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
Crossing State Lines: Complexities of State Business
Many state governments are placing an increased emphasis on ensuring that out- of-state businesses that should be paying sales and income taxes are registered and are paying the proper amount
Capitalize on the Hot M&A Market?
Last year, the value of Merge & Acquisition (M&A) transactions reached a record high with aggregate deals in excess of $4.8 trillion. This exceed the previous high in 2007 which
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
Due Diligence and Quality of Earnings
If you are thinking of buying or selling a company, you have probably heard the term ‘due diligence’. What does this term actually mean? Read More
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
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
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
