…credit losses, but this approach often delayed loss recognition, leading to inaccurately inflated balance sheets. CECL introduces a more proactive approach, focusing on expected losses, which means recognizing potential credit…
…and removing various exceptions related to intra-period tax allocation Recognition of deferred tax liabilities for foreign equity method investments Treatment of calculating income taxes in an interim period The ASU…
Keiter is making headlines as it was listed under #8 for the Top Workplaces in the region. This is Keiter’s 4th consecutive year winning this award. This recognition, presented by…
…certain sales of employer stock to employee stock ownership plan sponsored by a S corporation Under section 1042 of the Internal Revenue Code (“Code”), an individual owner of stock in…
…in delivering the services, including remote work and the cancellation of revenue generating activities and fundraising events. As more in person events are beginning to take place, and organizations are…
…recognition. While the first date an investment may qualify/self-certify as a Qualified Opportunity Zone Fund is January 1, 2018, an investing taxpayer may have the opportunity to look back to…
…issued proposed regulations in an attempt to address some of these questions. The IRS also released Notice 2018-64 which proposes a revenue procedure for calculating W-2 wages associated with the…
…table to gain Senator Kyrsten Sinema’s support of the Inflation Reduction Act. To replace the revenue lost from the carried interest changes, the Act would impose a 1% excise tax…
…significant degree of name recognition and goodwill in the communities where it operates and thereby increase its revenue. As part of the program, P makes a $1,000 payment to a…
…Contact us. We can help. Gary G. Wallace, CPA | 804.565.6025 | gwallace@keitercpa.com Additional Resources: New Revenue Recognition Standard: Manufacturing, Distribution, and Retail Industry Changes The marketplace has changed….
…non-profit entity receives an unconditional promise to use property in a lease-type situation where no payments are required or the payments can be considered de minimis, contribution revenue (donor-restricted support)…
…and Katie Christopher. This seminar provided clients and attendees with insightful updates on state and local tax issues, including income apportionment, sourcing revenue, economic nexus, and telecommuting tax considerations. Below…