How to Prepare for an Employee Benefit Plan Audit
By: Hannah Hebsch, Senior Accountant Retirement plans, such as a 401(k) Plan or a 403(b) Plan, offer a great incentive to employees, can be used to attract and retain talented employees, and help employees meet their financial goals. Along with the benefits of establishing a retirement plan, howe.....
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How FASB ASC 606, Revenue from Contracts with Customers Affect You
In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers. The new revenue recognition standard will significantly affect the revenue recognition practices of most companies. The standard is effective for the .....
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Short-Term Rentals (4 of 4)
In this final blog post in this 4-part series of short-term rentals, we will review the eccentricities of laws in Vermont and Maine, states with a lot of tourist activity and many out-of-state owners of ski cabins and oceanfront homes. VERMONT Vermont views a small-scale short-term rental oper.....
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Short-Term Rentals (3 of 4)
In the previous blog post, we reviewed the tax and regulatory climate for short-term rental operations in Massachusetts. New Hampshire has some of the same requirements, but has made strides in reducing the complexity for the operator. NEW HAMPSHIRE New Hampshire has some of the same requireme.....
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Short-Term Rentals (2 of 4)
In a previous blog post, we addressed general definitions and federal tax impacts of a short-term rental activity. In the following blog posts (series 2 - 4), we will look at state and local implications of these sorts of properties. MASSACHUSETTS First, be aware of the recent change in State .....
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