Distinguishing between liabilities and equity on a company’s balance sheet may seem straightforward. But difficulties arise when it comes to the terms of complex securities and financial contracts like redeemable equity instruments, equity-linked or indexed instruments, and convertible instruments. The… Read More
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Use Financial Statements to Make a Solid First Impression
Financial statements are a must-have for any organization. The balance sheet reveals how much its assets and liabilities are worth based on historic costs. The income statement tells investors and lenders how profitably and efficiently the company has performed during the… Read More
Enhance Motivation and Profitability with Bonuses for Project Teams
As an employer, you want effective job managers who think on their feet. By the same token, your foremen want to please you because you’re the one who pays them each week. At the crossroads of your needs and your supervisors’… Read More
Avoid Trailing Punch-Out Costs to Close the Book on Finished Projects
Customer relationships with general contractors or owners who give your firm regular work can be like family relationships. One specialty subcontractor remarked about his work relationships that, “You will be spending more time with me in a week than you do… Read More
Liquidating a Corporation? Avoid Double Taxation with Smart Planning
Perhaps you’re considering selling off your C corporation’s assets and liquidating the firm. Typically, such a transaction is accomplished in three stages: 1. The corporation makes a direct sale of its assets to the buyer (or buyers). 2. The company pays off all… Read More
2019 Q2 tax calendar: Key deadlines for businesses and other employers
Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2019. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact… Read More
Transparency is key with related party transactions
In recent years, external auditors have focused more attention on related party transactions. Although related party transactions aren’t necessarily bad, they do raise some concerns about the risk of misstatement or omission in financial reporting. 3 focal points Issues with… Read More
Could your business benefit from the tax credit for family and medical leave?
The Tax Cuts and Jobs Act created a new federal tax credit for employers that provide qualified paid family and medical leave to their employees. It’s subject to numerous rules and restrictions and the credit is only available for two… Read More
ESG issues: To report or not to report?
Securities and Exchange Commission (SEC) Chairman Jay Clayton recently said that public companies shouldn’t be required to disclose information concerning environmental, social and governance (ESG) matters in their financial statements using a standardized format. Right now, these disclosures are voluntary… Read More
An Energy Audit Can Find Your Plant’s Power Hogs
There are opportunity costs lurking in your electric bill. Performing an energy audit can find your plant’s power hogs, which is the first step in slashing energy costs. If you haven’t had an energy audit recently or haven’t made energy reduction… Read More