Will I still itemize in 2018? (And other tax changes for individuals)
By: Bruce Ruotsala, CPA, Senior Staff Accountant The Tax Cuts and Jobs Act (TCJA) is the first meaningful tax reform legislation in decades. It had become standard practice to expect the tax structure to essentially remain unchanged from year to year, with only minor changes along the margins. It.....
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Tips for Performing Your Year-End Physical Inventory
By: Hannah Hebsch, Staff Accountant For many businesses, inventory is one of the largest assets on the balance sheet and one of the most important parts of its operations. Maintaining accurate inventory counts is essential to ensure that inventory is being properly reported in the financial state.....
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Top 5 Personal Wealth Questions to Ask Your Accountant
By: Bruce Ruotsala, CPA, Senior Staff Accountant Most individuals think that when it comes to personal wealth, a financial advisor is enough. Although a financial advisor will assist with money management and reaching your financial goals, you should also consult your accountant. In an ever chang.....
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Top 5 Business Management Planning Questions to Ask Your Accountant
By: Bruce Ruotsala, CPA, Senior Staff Accountant When it comes to owning your own business, it is easy to get caught up in the day-to-day hustle and bustle. It is important to step back from your annual tax compliance and look at the overall picture of your business and your long-term plan. He.....
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Starting to Understand GASB 84
By: Jen Reddington, CPA, Audit Manager The Government Accounting Standards Board (GASB) has issued a new pronouncement, number 84, Fiduciary Activities, that will be effective for periods beginning after December 15, 2018; calendar year 2019 and fiscal year 2020. The objective of this standard.....
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