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Revenue from Contracts Step Three: Determine the Transaction Price
Revenue from Contracts with Customers, ASU 2014-09, provides framework for businesses to gather revenue and know when and how to report revenue. We have a series of posts concerning the framework laid out in the accounting update; previous posts can be found on the...
2019 IRS Guidelines and Rules for New Tax Law Released
One of the most frustrating things that business owners have had to deal with regarding the Tax Cuts and Jobs Act (TCJA) is the uncertainty that has been surrounding the new tax law revisions and how they would affect taxpayers. If you have visited with your...
Steps to Take for This Year’s Tax Season
Now that the holidays are over and 2019 has started, have you thought about preparing for tax season? Probably, not. We have some steps to help you gather documents needed to ensure that you do not miss any tax benefits and make the entire experience of...
Will the Government Shutdown Affect the Tax Filing Season?
With the recent government shutdown and the opening of the 2019 tax season coming soon, did you wonder how that would affect the filing of your 2018 taxes? Maybe, or maybe not. Since no one knows for sure when the government will re-open, here’s what you need to know....