Newsletter

Get tax benefits of Appreciated Stock Donations!

Donating appreciated stock from your investment portfolio instead of cash has two benefits. First, you can claim charitable deductions equal to the stock’s fair market value if you itemize deductions. Second, you can avoid the tax on

December 4, 2018

One Bourbon, One Scotch, One U.S. Craft Beverage Modernization and Tax Reform Subpart

Small breweries, distilleries, and wineries are set to see a round of tax benefits in the 2018 and 2019 tax years from reforms passed in Part IX, Subpart A of the Tax Cuts and Jobs Act of

December 4, 2018

New ASU Simplifies VIE Disclosure

On October 31, 2018, the Financial Accounting Standards Board (FASB) released an Accounting Standards Update (ASU) which simplified variable interest entity disclosure requirements for private companies. All private companies with VIE consideration should be aware of this

December 4, 2018

Revenue Recognition

On May 28, 2014 The Financial Accounting Standards Board (FASB) and The International Accounting Standards Board (IASB) jointly issued ASC 606 – Revenue From Contracts with Customers.  This change in recognizing revenue from contracts with customers could

December 4, 2018

Keystone Innovation Zone (KIZ) Tax Credit Program for “Young” Businesses in Pennsylvania

Keystone Innovation Zone (KIZ) Tax Credit is a component of Keystone Innovation Zone (KIZ) Program. Established in 2003, it creates designated geographic zones to foster innovation and create entrepreneurial opportunities by aligning the combined resources of educational

December 4, 2018