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Auditing Cashless Transactions

Auditing Cashless Transactions

By Froehling Anderson | Feb 21, 2019

Who pays with cash anymore? Many customers prefer electronic payment methods, such as credit cards, PayPal, Venmo or even Bitcoin. But modern forms of payment require a modern audit approach.

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What LLC Members Need to Know About Self-employment Tax

What LLC Members Need to Know About Self-employment Tax

By Froehling Anderson | Feb 19, 2019

Limited liability company (LLC) members may be subject to back taxes and penalties if they underpay self-employment tax. Find out if your business could be at risk.

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C Corporation Tax Truths

C Corporation Tax Truths

By Froehling Anderson | Feb 5, 2019

Most C corporations are seeing a significant tax cut under the Tax Cuts and Jobs Act (TCJA). But there are still certain tax vulnerabilities for these entities that haven’t changed much. Check out

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Possibility of Larger Deductions for Business Miles this Year

Possibility of Larger Deductions for Business Miles this Year

By Froehling Anderson | Jan 17, 2019

Businesses generally can determine their vehicle expense deductions either by calculating the actual expenses or using the IRS’s standard mileage rate, which has increased for 2019. Your business may

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FASB Expands VIE Exception for Private Companies

FASB Expands VIE Exception for Private Companies

By Brandon Rosenthal, CPA | Jan 10, 2019

Private companies have a good reason to celebrate this New Year: The FASB recently updated its guidance to allow them to opt out of the complicated rules for consolidating variable interest entities

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Post-M&A Financial Statements

Post-M&A Financial Statements

By Froehling Anderson | Jan 8, 2019

M&A volume skyrocketed in 2018. However, before you close on a prospective deal, it’s important to consult with your auditor and make sure your post-M&A financial statements comply with U.S.

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Tax Planning Exit Strategies for Business Owners

Tax Planning Exit Strategies for Business Owners

By Froehling Anderson | Jan 4, 2019

Your exit strategy may not be the first thing that comes to mind when thinking about tax planning for your business. But it should be a key element to look out for your own financial future.

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Year-end Physical Inventory Counts

Year-end Physical Inventory Counts

By Froehling Anderson | Dec 27, 2018

The end of the year is approaching and it's time to perform an effective inventory count. Beyond accounting compliance, a year-end physical inventory count can help reduce carrying costs and unearth

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Consider these Last Minute Tax Moves for your Business

Consider these Last Minute Tax Moves for your Business

By Froehling Anderson | Dec 20, 2018

Even though tax planning is a year-round task, there is still time to take action on lowering your 2018 tax bill. Follow these last minute tax moves for your business:

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