Tag! You’re It: Transferee Liability under the Internal Revenue Code
Written by Guy Schmitz J.D., LL.M. Clients know little or nothing about transferee liability. If the need arises, it’s your…
Why Going Concern Disclosures Matter Now
Even though the new FASB rule ASU 2014-15 isn’t effective until December 15, 2016, some types of going concern disclosures…
Catch Up On Estate Tax Changes
Under the proposed budget for 2015, President Obama would implement changes that would significantly affect estate taxes. The key…
How much time do you REALLY need to study for the CPA Exam?
When deciding how much time you should spend studying for the CPA exam, there a three things to consider: your…
FASB issues ASU: Amendments to the Consolidation Analysis Explained
On February 18, the Financial Accounting Standards Board (FASB) issued the Accounting Standards Update (ASU) No. 2015-02. This update was…
Limited Liability Companies Electing Status as S Corporations: The Unstable Hybrid
Written by Guy Schmitz J.D., LL.M. When advising on choice of entity, practitioners will sometimes recommend that a client…
Jack Surgent Explains Changes to IRAs in the Proposed Budget for 2015
Catch up on all of President Obama’s proposed changes to IRAs in the proposed budget for 2015 from Surgent Chairman…
What the future holds for the accounting industry in 2015
Last month, President of Accountants Advisory Group Joseph Tarasco spoke with Forbes.com about what changes we might see in the…
AICPA Issues Four Auditing Interpretations Addressing SAS No.126
On January 24, 2015, the AICPA Auditing Standards Board (ASB) issued four auditing interpretations to address issues related to the SAS No.…
Substantiation 101
Written by Guy Schmitz J.D., LL.M. We all recognize the importance of substantiating expenses, but it still helps to…