State Income Tax Changes for Businesses

…have a filing requirement if they meet the $500,000 threshold. While the regulation did not include an effective date for the change, we understand that the Massachusetts Department of Revenue

Who Must File Schedules K-2 and K-3?

New partnership and S corporation taxpayer forms create havoc and confusion In 2021, the Internal Revenue Service (IRS) issued new schedules K-2 and K-3 for 2021 partnership and S corporation…

IRS QR Codes Help Taxpayers Resolve Tax Matters

…for the first time, the Internal Revenue Service (IRS) is adding QR technology to notices sent to millions of taxpayers. Notices CP14 and CP14 IA, which inform taxpayers that they…

Doug K. Nickerson

…the company and various joint ventures and development entities. Doug’s recent experience includes manufacturing, distribution and biotechnology companies with unique revenue cycles and recognition methods. He has numerous clients that…

90 Second Quiz – Is My Business Ready for a Fractional CFO?

…capabilities. Pricing and profitability are unclear Limited information on product/segment margins and the cost-to-serve is not well known or understood. Complexity exceeds our current team Multi‑entity, multi‑state, inventory valuation, revenue

Appropriate Discount Rates for Leases Under ASC 842

…lease and revenue recognition standards for certain entities.   What Discount Rate is Appropriate When Calculating the Initial Value of a Lease? Issued in February 2016, Accounting Standards Update (ASU)…

Lease Modifications Under ASC 842

…which granted a one-year delay on the required implementation dates of the new lease and revenue recognition standards for certain entities. How to Account for Subsequent Measurement of Lease Payments…