Changes in the GAAP Treatment of Equity Securities

Changes in the GAAP Treatment of Equity Securities

Effective for fiscal years beginning after 12/15/18, FASB ASU 2016-01 will apply for equity investments, except investments in equities accounted under the Equity Method. This ASU effectively eliminates the previous categories of trading, available-for-sale, and cost...
Changes in the GAAP Treatment of Equity Securities

Meals and Entertainment Expenses in 2018

One of the most talked about aspects of the Tax Cuts and Jobs Act (TCJA) were the changes made to business meals and entertainment expenses. With changes in law, come the necessary changes in how these expenses should be categorized on your books. Appropriate time...
Changes in the GAAP Treatment of Equity Securities

Cinnabon

Two weeks have already flown by since my last post, which people liked enough that they figured I was cool enough to write another one. Today’s topic: Cinnabon. If you don’t know what that is, it’s a company that makes the best cinnamon rolls ever, which I can...
Changes in the GAAP Treatment of Equity Securities

Stephano Slack LLC Promotes Jay Brooks, CPA to Manager

Stephano Slack LLC Promotes Jay Brooks, CPA to Manager WAYNE, PA— July 28, 2014 — Full-service accounting, tax, and advisory firm, Stephano Slack LLC, announced today the promotion of Jay Brooks, CPA, to manager. Jay Brooks has worked at Stephano Slack since 2008....
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