2017 Snapshot Summary of the Tax Cuts & Jobs Act
By Solomon Ojudoh, CPA, CGMA, MBA On December 22, President Trump signed into law H.R. 1, the “Tax Cuts and Jobs Act,” This new tax law entirely changes the landscape for what tax practitioners called Section 26 of the US Code (IRS Code). No time to waste anymore. Please reach out to us for strategic […]
2017 Year-End Moves That Will Best Position Taxpayers For Tax Savings Next Year
Congress seems to be on a route to fundamentally change the way federal tax will be calculated. Let’s be clear, even though most experts expect a major tax law to be enacted this year, there’s no guarantee that this will happen, so let’s keep our fingers crossed until the President signs the tax bill into […]
Effective Communication in Today’s Business Environment
In today’s busy, fast paced business environment, people are used to instant results. This carries over into the way we communicate with each other. Instant communication manifests into instant satisfaction through texts and emails. But, today’s modern technologies tend to lend themselves to short, quick communication which doesn’t always include everything you want to convey […]
New Accounting Rule ASC 606 Will Greatly Impact Franchisors And Consultants
Rule ASC 606 The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board recently jointly issued rule ASC 606 known as “Revenues From Contracts With Customers”. ASC 606 has the potential to dramatically change the franchise industry. In a nutshell, this new rule governs when the franchise fee can be recognized (from an accounting […]
