In our January and February 2019 newsletters we discussed
the OFFSET function. Recall that the syntax of the OFFSET function is
OFFSET(cell reference, rows moved, columns
As we explained in our last two
articles, we begin in the cell reference and based on the rows...
by Wayne Winston
The Financial Accounting Standards Board (FASB) has proposed
that two GAAP alternatives currently available only to nonpublic business
entities also be made available to nonprofit organizations. The accounting
alternatives were originally codified into GAAP through ASU 2014-02 and ASU...
by Jennifer Louis
Now that tax season is over, it is important to look at some
recent tax changes that affect compliance and planning for 2019. These changes have been brought about by the
Tax Cuts and Jobs Act (TCJA), new regulations, revenue procedures, notices, and
Medical deduction: The...
by John Stevko
The Tax Cuts and Jobs Act added a new
provision to the Internal Revenue Code called the “Base Erosion and Anti-abuse
Tax” (BEAT). The IRS recently issued Form 8991, Tax on Base Erosion Payments of
Taxpayers with Substantial Gross Receipts, which taxpayers will use to report
their tax liability...
by Tara Fisher
One of the most difficult aspects of studying for the CPA
Exam is finding which methods work best for you individually. One size doesn’t
fit all and everyone’s learning style is different! Thankfully, it’s possible
to learn a few things from candidates who have already taken the exam.
by Kristen Cournane
Angela Zullinger has trained as a
professional musician since the age of 15, working as a freelance opera singer,
pianist and music teacher. After starting a family, Angela reconsidered her
work in the music industry and transitioned her efforts to accounting, starting
with an online master’s...
by Bria Wright
Upon first glance, the CPA Exam can seem daunting. The process itself is long and if it’s not done right, can be very costly. According to data released by the AICPA, the 2019 CPA Exam pass rates show that the highest cumulative pass rates for any section is just under 60%.
Lease incentives are any payment made to, or on behalf of, a
lessee to fund items that would otherwise be a lessee’s expense. This includes
reimbursement for moving expenses or assumption of a lessee’s pre-existing
Lease incentives reduce lease payments used for lease...
The IRS has published both of the forms U.S. shareholders
need to compute amounts tied to global intangible low-taxed income (GILTI). The
GILTI provisions were enacted as part of the Tax Cuts and Jobs Act (TCJA) and apply
to all U.S. persons that own at least 10 percent of a foreign corporation.
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