Read About - Stock-Based Compensation and How it Is Affected by ASC 740December 6, 2022
At a Glance
Main Takeaway
On an income statement, stock-based compensation is recognized as a non-cash expense, just like other operating expenses such as depreciation
Read More »
Read About - An Introduction to Property Tax and Common FAQsDecember 2, 2022
At a Glance
Main Takeaway
Property tax affects individual homeowners, but it also factors into tax considerations for real estate property owners
Read More »
Read About - Valuing Goodwill, Understanding Personal vs. Enterprise GoodwillNovember 29, 2022
At a Glance
Main Takeaway
Most people think of the value of a business based on its tangible assets, such as cash flow, equipment, or land
Read More »
Read About - If Improperly Forgiven, the IRS Says PPP Loans are TaxableNovember 15, 2022
At a Glance
Main Takeaway
The Paycheck Protection Program (PPP) was established by Congress to provide aid for businesses, self-employed workers, sole proprietors, and nonprofit organizations to keep employees on payroll while these businesses may have been shut down due to the COVID-19 pandemic
Read More »
Read About - A Case Example: Applying ASC 842 New Leasing StandardsNovember 11, 2022
At a Glance
Main Takeaway
The new ASC 842 leasing standards went into effect for nonpublic entities on January 1, 2022
Read More »
Read About - 2023 Cost of Living Adjustments for Retirement PlansNovember 8, 2022
The IRS has announced cost of living adjustments (COLA) applicable to qualified retirement plans for 2023. Following is an updated summary of those adjustments
Read More »
Read About - What You Need to Know, ERISA Record Retention RequirementsNovember 8, 2022
https://windes.wistia.com/medias/ihgxhsoxvt?embedType=async&videoFoam=true&videoWidth=640
At a Glance
Main Takeaway
As a plan administrator, you must meet all Employee Retirement Income Security Act of 1974 (ERISA) record retention requirements to ensure your plans are compliant
Read More »
Read About - Business Combinations and Accounting for Income Tax Under ASC 740October 28, 2022
At a Glance
Main Takeaway
Business combinations, in which an acquiring entity obtains control of another business (or multiple businesses), can yield revenue, eliminate competition, and allow companies to tap into previously inaccessible consumer markets
Read More »
Read About - 2022 Tax Data ScheduleOctober 25, 2022
Windes Senior Tax Manager Brooke Sigler and Tax Manager Matt Whipple have produced a user-friendly tax data schedule for 2022
Read More »
Read About - Understanding the Buy, Borrow, Die Tax Planning StrategyOctober 20, 2022
At a Glance
Main Takeaway
Many people interested in building personal and generational wealth follow the buy, borrow, die tax planning strategy to reduce tax liability on their assets
Read More »
Read About - Common Accounts Payable Processing ChallengesOctober 18, 2022
At a Glance
Main Takeaway
Every business must handle accounts payable processing tasks efficiently to maintain operations and stable cash flow
Read More »
Read About - Questions an Exit Planning Advisor Should Ask for Better ResultsSeptember 15, 2022
At a Glance
Main Takeaway
A competent exit planning strategy is critical to your company’s future if you own a business
Read More »