Close-up on Fair Value - FASB Dimplifies the Test for Goodwill Impairment

Apr 21, 2017

In January 2017, the Financial Accounting Standards Board (FASB) published Accounting Standards Update (ASU) No. 2017-04, Intangibles — Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. Here’s how financial reporti ...

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How resource management software leads to business success

Apr 19, 2017

When a company’s accounting and resource management processes are running on several systems, a business may suffer from poor visibility, inconsistent procedures, and slow, ill-informed decision-making. Today, both large and small businesses ne ...

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Owners' Compensation: What's Reasonable for C Corporations?

Apr 14, 2017

The IRS and C corporations often disagree about the reasonableness of shareholder-employee compensation. C corporations usually prefer to classify payments as tax-deductible wages because it lowers corporate taxes. But, if the IRS believes that an ow ...

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How you can use CRM to manage talent

Apr 12, 2017

With a constantly changing job market and an increasingly diverse talent pool, it has become even more difficult to find, attract, and hire today’s top candidates. Recruiters need to know where to find job seekers, recognize their talents, and keep ...

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How Does an ESOP Work as a Retirement Plan?

Apr 12, 2017

Among the retirement plans that small businesses can offer to their workers are employee stock ownership plans (ESOPs). As the title indicates, an ESOP is a process for transferring ownership of the company to employees. How does that work as a retir ...

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FASB Standards Update Could Mean Significant Changes for Non-Profits!

Apr 7, 2017

In August of last year, the Financial Accounting Standards Board (FASB) issued an accounting standards update which significantly impacts how non-profits communicate with their stakeholders. The update, entitled Presentation of Financial Statements o ...

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Questions to Gauge Marketability - or Lack Thereof

Apr 7, 2017

The discount for lack of marketability (DLOM) is often a contentious issue. Why? First, the DLOM can have a significant impact on the value of a business interest, reducing it by, say, 15%, 30% or more. Moreover, quantifying the appropriate discount ...

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March 2017 Highlights: ASUs (Proposed and Issued), Relevant Effective Dates, and Carve-Out Financial Statements

Apr 4, 2017

What’s new this month? The FASB issued two Accounting Standards Updates in March 2017. ASU No. 2017-07, Compensation – Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretiremen ...

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3 security challenges that can be avoided by going paperless

Mar 29, 2017

The digital world can seem like a scary place. Stories about data breaches, information sprawl and lost records abound. However, a recent GCN report explained that many of the security challenges that come with digital document management stem from p ...

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What Does Trump's Released Tax Return Really Show?

Mar 23, 2017

Unless you have been living in a cave the past few weeks, you know that MSNBC host, Rachel Maddow, broke the story of the leak of two pages of President Trump’s 2005 tax return. While the news has been met with expectedly different opinions fro ...

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