February 2020

Business Meals and Entertainment Deductibility – Historical vs. Current

Although the Tax Cuts and Jobs Act’s (TJCA) changes to meals and entertainment expenses went into effect for expenses incurred or paid after December 31, 2017, the deductibility of meals and entertainment expenses remains a hot (and confusing) topic among 

February 4, 2020

The Five Step Model of Revenue Recognition

The new revenue recognition standards under ASC 606 are now in effect for all non-public companies. The new standard provides a five step model for recognizing revenue. The five steps are described below with items that companies should consider as they

February 4, 2020

The Stretch is Gone….

The “Setting Every Community Up for Retirement Enhancement Act”, or the SECURE Act, began impacting individuals on January 1, 2020.   One of the major changes brought on by this Act is to eliminate, for most individuals, the ability to take

February 4, 2020

Old Pro

Hello Again! It is about one month into the New Year. I am no longer the newest intern in the office, and Tax Season has officially begun! I started off working on updating all the new clients’ information because

February 3, 2020