Archive for Alerts & Advisories Category

Accounting & Audit Alert-Effectively communicating with the audit committee

CFOs and other executives occasionally present information about the company’s operations, strategies and risks to the audit committee. Your presentation will generally be most effective if you fully understand the committee’s role, you’ve already established

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Posted In: Alerts & Advisories

Michael Barbera in Boston Business Journal

Tax Principal, Michael Barbera, was quoted in the Boston Business Journal article “Midsize accounting firms take lead in marijuana work.” This piece discusses midsize accounting firms emerging in Massachusetts as leading practitioners for the marijuana

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Posted In: Alerts & Advisories, Articles, News, Resources

New Episode Release: Business Valuation Audio Slide Series

Check out the latest episode of Jesse Gillett’s Business Valuation Audio Slide Series.  Are you buying a business or thinking about buying a business? Jesse reviews 5 useful items found in a company’s tax return

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Posted In: Alerts & Advisories, Videos

Tax Alert-Tax document retention guidelines for small businesses

You may have breathed a sigh of relief after filing your 2017 income tax return (or requesting an extension). But if your office is strewn with reams of paper consisting of years’ worth of tax

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Posted In: Alerts & Advisories

Emerging Tax and Regulations Alert- IRS sheds light on new limit on business interest expense deductions

The Tax Cuts and Jobs Act (TCJA) imposes a limit on deductions for business interest for taxable years beginning in 2018. The limit, like other aspects of the law, has raised some questions for taxpayers.

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Get ready for the new lease standard

A new accounting rule for reporting leases goes into effect in 2019 for public companies. Although private companies have been granted a one-year reprieve, no business should wait until the last minute to start the

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Public vs. private companies: When should different accounting rules apply?

Small private companies often criticize the Financial Accounting Standards Board (FASB) for writing overly complex standards that focus on the needs of stakeholders in large public companies rather than “Main Street” businesses. Here’s how the

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Posted In: Alerts & Advisories

New Episode Release: Business Valuation Audio Slide Series

Be sure to watch the latest episode of Jesse Gillett’s Business Valuation Audio Slide Series. He asks the question, “Do you know how to build and sustain private company value?” and proceeds to take viewers through

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Posted In: Alerts & Advisories, Videos

Accounting & Audit Alert- Internal control testing: What role does sampling play?

Auditors must test the effectiveness of internal controls before signing off on your financial statements. But it’s impossible to analyze every transaction that’s posted to the general ledger, due to time and budget constraints. Instead,

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Posted In: Alerts & Advisories

Tax Alert- You still have time to make 2017 IRA contributions

Tax-advantaged retirement plans like IRAs allow your money to grow tax-deferred — or, in the case of Roth accounts, tax-free. The deadline for 2017 contributions is April 17, 2018. Deductible contributions will lower your 2017

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Posted In: Alerts & Advisories