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Footnote Disclosures: The Story Behind the Numbers

February 4, 2021

The footnotes to your company’s financial statements give investors and lenders insight into..

How Are COVID-19 and a PFIC Similar?  Nobody Wants Either One!

February 2, 2021

If you have invested in any foreign corporations, you may be aware that you want to avoid having..

Assessing and Mitigating Key Person Risks

January 20, 2021

Auditing standards require a year-end risk assessment. One potential source of risk may be a small..

TAX EXTENDERS: LOOK-THROUGH RULE FOR CFCs EXTENDED!

December 28, 2020

Although the provision that allows for the deduction for expenses paid with PPP loan proceeds and..

Is Your Company Ready for a Remote Audit?

December 17, 2020

The coming audit season might be much different than prior years. As many companies continue to..

HOW COULD COVID-19 AFFECT YEAR-END INVENTORY COUNTS?

December 15, 2020

Many businesses are closed or are limiting third-party access as COVID-19 surges across the United..

MOVE OVER FBAR REPORTING: FinCEN WANTS US COMPANIES TO REPORT ON THE BENEFICIAL OWNERSHIP OF US COMPANIES!

December 11, 2020

US companies may already be familiar with the requirements to report ownership of foreign bank..

TITLE TRANSFER ON FOREIGN SALES: TIME TO CHANGE BACK TO THE US?

December 8, 2020

It used to be common for US taxpayers to transfer title to product sales destined for a foreign..

Recognizing Revenue and Expenses: What Counts in 2020 vs. 2021

December 2, 2020

As year end approaches, it’s a good idea for calendar-year entities to review the guidelines for..

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