In an effort to simplify accounting, the Financial Accounting Standards Board (FASB) has eliminated Step 2 from the goodwill impairment test, according to a statement issued on January 26, 2017.
Despite sophisticated security measures, email scams continue to cause harm to unknown numbers of individuals and businesses. Recently individuals and businesses that use Intuit’s QuickBooks or TurboTax software have increasingly become the target of phishing scams.
In a recent article published in Hypepotamus, Stephen Bradshaw provides guidance to three Georgia tax credits that can benefit technology startups, saving their founders and any investors money.
It is that time of year again for taxpayers to begin organizing their financial and tax information to collaborate with their tax advisers in light of the approaching tax filing season. Taxpayers should be aware of the new due dates to ensure information is provided timely so that their tax returns are filed on time or appropriate extension requests granted.
The Financial Accounting Standards Board (FASB) has provided an updated definition of a business combination to assist financial statement preparers in determining whether certain transactions should be accounted for as acquisitions of assets or of a business.
Bennett Thrasher LLP is proud to announce that it has been named as the Best Full-Service Accounting Firm for 2016 by the Daily Report, published by American Lawyer Media. The annual Best Of survey showcases businesses that stand out among their competitors in providing critical services required to compete in today’s legal market.
According to Accounting Today’s article “A Random Sampler of Firm Fun”, the best accounting firms to work for devote a surprising amount of time to fun.
Acuity’s Master Class Series aims to explore financial and other influential industry topics. They recently sat down with Betsi Barrett, Credits and Incentives Partner at Bennett Thrasher, to further understand the Research and Development Tax Credit (R&D Tax Credit).
“[The European Commission] is effectively proposing to replace Irish tax laws with a view of what the commission thinks the law should have been…Using the commission’s theory, every company in Ireland and across Europe is suddenly at risk of being subjected to taxes under laws that never existed.” Apple CEO Tim Cook’s reaction above epitomizes the sentiment among leaders of many US multinationals who are collectively conveying a tone of disapproval and worry after the European Commission’s latest ruling on state aid claws back approximately €13 billion in historical tax benefits previously granted by Irish Tax and Customs to Apple.