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...
Today, looking back at my invaluable fall internship at Stephano Slack, I am reminded of my grandmother’s words, words of comfort, power, and purpose, “Never put off till tomorrow what you can do today.” These are words that speak to my time at a firm that welcomed me...
Three and a half months later and I can say that this internship has helped me grow as a professional and as an individual. There is not a day that goes by that I am not learning something new, and being challenged to grow. Through working on various things like...
When working with Pennsylvania companies, it may be worthwhile to determine if they’re eligible for the KIZ credit. After all, who doesn’t love tax credits? While the eligibility requirements for the KIZ credit are very specific, the benefits of the potential credit...
You have been growing your company for a long time and have decided to prepare for the sale of your business for top dollar. The following are the basic steps for selling your business. Determine how much your business is worth. You can sell your business for...
If you own or work for a business, it often involves safeguarding data in one aspect or another. You probably have information related to your clients, customers, patients, vendors, contractors that needs to be securely protected. This also applies to your own...
On May 28, 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Codification (ASC) 606. This new standard modifies the way companies recognize revenues from contracts with customers and aims to unify revenue reporting across industries...
Since 2003, Health Savings Accounts (HSAs) have been available for those individuals covered by high deductible health plans; the primary benefit to participating in such a plan is to receive tax-preferred treatment for funds saved for medical expenses. Similar to...
Here we are entering the final days of 2019, and while there is so much to keep up with, it is easy to forget that you need to work on your business as well as in your business. Now is a great time to step back and review where your business stands for the year and...