by frishkoff | Feb 5, 2020 | Business Advisory
“…but in this world nothing can be said to be certain, except death and taxes.” ― Benjamin Franklin As the leaves fall and the weather cools down, it’s time to make moves that can reduce your 2019 taxes or increase next year’s refund. Here are 6 tips we share with our...
by frishkoff | Feb 5, 2020 | Business Advisory
In 1938, Congress passed the Fair Labor Standards Act, which eliminated brutally long work days and ushered in the 9 to 5 workday. Today’s work world is dramatically different, with almost half of today’s workers freelancing or self-employed. According to CNN Money,...
by frishkoff | Feb 5, 2020 | Business Advisory
Accounting for the recognition of lack of recoverability of inventories can be a complex area that often requires the exercise of judgment. Although, US GAAP provides guidance under ASC 330, Inventory, it is the obligation of each entity to establish procedures to...
by frishkoff | Feb 5, 2020 | Business Advisory
Accounting for Property, Plant, and Equipment (PP&E) can usually be relatively straight forward: The asset is recorded at cost when purchased and then depreciated over its useful life. But what happens if the carrying value of PP&E is not recoverable? What if...
Recent Comments