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News & Events

Simplified Employee Pension

Can a Simplified Employee Pension Provide a Tax Savings in 2017?

February 21, 2018

Small Business Owners: A SEP may give you one last 2017 tax and retirement saving opportunity Are you a high-income small-business owner who doesn’t currently have a tax-advantaged retirement plan set up for yourself? A Simplified Employee Pension (SEP) may be just what you need, and now may be a great time to establish one….

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SRICC Free Presentation: The Application of Tax Reform for Businesses and Individuals

February 19, 2018

The recently passed tax reform bill, commonly referred to as the “Tax Cuts and Jobs Act” (TCJA), is the most expansive federal tax legislation since 1986. It includes a multitude of provisions that will have a major impact on both individuals and businesses. Ron Dean and Michael Raftery, CPAs…

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nonprofit liquidity disclosures

The New Nonprofit Liquidity Disclosures

February 16, 2018

Accounting Standards Update 2016-14 “Liquidity worries haunt nonprofits,” intoned CFO Magazine in a 2009 headline. At that time, not-for-profit organizations were scaling back, and few were sitting on cash. This lack of liquidity worsened nonprofits’ financial straits during the recession and afterward. Hard times, in turn, made liquidity harder to achieve. Most nonprofits struggled and…

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FASB Improves Accounting

FASB Improves Accounting Related to the Tax Cuts & Jobs Act

February 15, 2018

The Financial Accounting Standards Board (FASB) addressed an accounting issue created by the Tax Cuts & Jobs Act by releasing FASB Accounting Standards Update (ASU) 2018-02, Income Statement – Reporting Comprehensive Income. This ASU addresses an accounting issue having been coined the name “the stranded tax effect” and is relevant for those entities structured…

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Receive your free 2017 Tax Planning Guide

You can now receive your free 2017 Tax Planning Guide filled with helpful explanations of the current federal tax rules and tax tables.

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2017 Tax Guide

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