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Soil compactors

Anticipate Effects of FASB Lease Accounting Standard

April 20, 2017

This past January we discussed how new lease accounting rules may affect contractors. We wanted to revisit that topic to continue the discussion about why it’s important to prepare early, even though the deadline for implementation is still several years away. The Financial Accounting Standards Board’s (FASB) new lease accounting standard could have…

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Tax-Related ACA Provisions Refresher

April 17, 2017

Now that the bill to repeal and replace the Affordable Care Act (ACA) has been at least temporarily withdrawn and it’s uncertain whether there will be any other health care reform legislation this year, it’s a good time to review some of the tax-related ACA provisions affecting businesses: Small employer tax credit. Qualifying…

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Hobby Tax

Will the IRS Consider Your Business a “Hobby”?

April 13, 2017

If you run a business “on the side” and derive most of your income from another source (whether from another business you own, employment or investments), you may face a peculiar risk: Under certain circumstances, this on-the-side business might not be a business at all in the eyes of the IRS. It may be a…

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2017 April News in Review for website

2017 April News in Review

April 3, 2017

Sansiveri’s 2017 April News in Review is a summary of news, events and links that we shared throughout the month of March. Just in case you missed an earlier post or email, this issue includes information about three developments to watch with Captive Insurance; a look at transefering business interests; new Revenue Recognition and…

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