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TCJA Provisions: Research Credit May Be Available

TCJA Provisions: Research Credit May Be Available

By Froehling Anderson | Nov 13, 2018

If your company engages in qualified research activities, revisit the research credit to be sure you’re taking full advantage of its benefits. Changes under the TCJA could make the credit more

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Identifying Hidden Liabilities

Identifying Hidden Liabilities

By Froehling Anderson | Nov 8, 2018

From bad debts to pending lawsuits, a company’s financial statements may not disclose everything stakeholders need to know to assess its financial health. What’s undisclosed on a company’s financial

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Conducting Risk Assessments

Conducting Risk Assessments

By Froehling Anderson | Nov 7, 2018

Your auditor conducts an updated risk assessment every year when preparing financial statements. Learn how CPAs factor risk assessments into their audit procedures.

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That Time of the Year to Review your Business's Expenses

That Time of the Year to Review your Business's Expenses

By Froehling Anderson | Nov 1, 2018

It's getting to be that time of the year to review your business's expenses for deductibility. The deductibility of certain expenses is obvious, while in other cases it’s unclear. And the TCJA

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Audit Process of Royalty Agreements

Audit Process of Royalty Agreements

By Froehling Anderson | Oct 25, 2018

Who’s monitoring your licenses? Whether due to error or fraud, underpayments may happen when your company licenses intellectual property to others. An external audit can ensure accurate royalty

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What You Need To Know About Independent Contractors

What You Need To Know About Independent Contractors

By Froehling Anderson | Oct 23, 2018

Independent Contractor vs. Employee: Worker Classification Matters

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Calendar Year Vs. Fiscal Year

Calendar Year Vs. Fiscal Year

By Froehling Anderson | Oct 19, 2018

Abstract: Using a calendar year as a company’s tax year is often the simplest approach. But for businesses whose primary operating season doesn’t fall neatly within a single calendar year, choosing a

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Comparison of Cash and Accrual Reporting Methods

Comparison of Cash and Accrual Reporting Methods

By Froehling Anderson | Oct 18, 2018

Tax reform has opened the door for more companies to use the simpler cash method of accounting. Small businesses tend to convert to accrual-basis reporting vs. cash for federal tax purposes. While

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Changes to the Tax Treatment of Fringe Benefits

Changes to the Tax Treatment of Fringe Benefits

By Froehling Anderson | Oct 8, 2018

The tax treatment of fringe benefits varies. Many types are tax-free to employees, but the TCJA has changed the tax treatment of some benefits. Here’s what small businesses need to know.

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