We have been providing tax compliance work and tax planning for many years. Our clients have included farmers, construction contractors, retail outlets, real estate developers, oil and gas drilling contractors and producers, banks, insurance companies, hospitals and other health care providers, individuals, estates, and trusts.
As part of this process, we constantly look for opportunities to increase wealth by reducing and postponing taxes on an annual basis and through financial and estate planning. Regardless of your stage in life, whether you are just beginning to plan your retirement or whether you are thinking of retiring, there are opportunities for planning. Please contact us if you would like to explore these matters further.
Companies that sell products such as life insurance, disability income insurance, long-term-care insurance and annuities will change their accounting under new rules issued by FASB. Source: JOA News Read More here – FASB changes accounting for long-duration insurance contractsRead More
The effective date of the new “Hosting Services” interpretation in the AICPA’s “Independence Rule” has been extended 10 months by the AICPA Professional Ethics Executive Committee. Source: JOA News Read More here – Independence interpretation on hosting services gets new effective dateRead More
The AICPA’s Financial Reporting Executive Committee (FinREC) has issued working drafts of accounting issues related to implementation of FASB’s new standard for accounting for credit losses. Source: JOA News Read More here – FinREC issues working drafts on credit loss accounting issuesRead More
Many Americans see a volatile stock market as a way to make a quick profit through short-term buying and selling, according to a new poll. Source: JOA News Read More here – Tolerance for high risk puts Americans’ investments in jeopardyRead More
The IRS issued guidance on the new Sec. 199A deduction for qualified business income in the form of proposed regulations and a separate notice on how to calculate W-2 wages for those purposes. Source: Tax News Read More here – Qualified business income deduction regs. proposedRead More