Bennett Thrasher is excited to announce it has been named the 73rd largest firm in the country by INSIDE Public Accounting (IPA), on its annual list of Top 100 Firms. The firm is one of only four Atlanta accounting firms in the Top 100 for 2018.
Bennett Thrasher Adds Business Transformation Services Practice
Bennett Thrasher LLP, one of the top 100 full-service public accounting and consulting firms in the country, announced today the creation of a new Business Transformation Services Practice. The new service offering will provide outsourced financial operations to business owners, implementing best practice techniques at the intersection of software and accounting. John Yeager will lead the new Bennett Thrasher practice.
Bennett Thrasher Promotes Chris Frederick, Gina Miller and James Parks to Partner
Bennett Thrasher LLP, one of the largest full-service public accounting and consulting firms in the country, has promoted three directors to partner: Chris Frederick, Gina Miller and James Parks. They are directors in dispute, valuation and forensics; and international tax practices, respectively.
New Sales Tax Nexus Standard: South Dakota V. Wayfair, Inc.
In the landmark decision of South Dakota v. Wayfair, Inc., the US Supreme Court overturned the Quill physical presence standard, deeming it “unsound and incorrect.” In turn, the Court upheld South Dakota’s economic nexus law, which requires companies to collect sales tax when their sales or the number of transactions with the state exceed certain thresholds.
Bennett Thrasher Adds Value Acceleration and Exit Planning Practice
Bennett Thrasher LLP, one of the top 100, full-service public accounting and consulting firms in the country, announced today the formation of a new practice group: Value Acceleration and Exit Planning Services, providing comprehensive exit planning consulting that includes valuation, corporate tax, personal tax, wealth advisory, transaction advisory, audit and assurance consulting, and operational support for business owners planning to transition out of their businesses.
Deductibility of Meals & Entertainment Expenses under the Tax Cuts and Jobs Act
The Tax Cuts and Jobs Act (“TCJA”) of December 2017 makes several significant changes to the deduction for meals and entertainment related to a taxpayer’s business.
The Tax Cuts & Jobs Act Influences Business Valuation
On December 22, 2017, President Donald Trump signed the Tax Cuts and Jobs Act (“TCJA”) into law. It is the most comprehensive tax reform seen in the United States since President Ronald Reagan’s 1986 Tax Reform Act.
Qualified Opportunity Zone Investments
Included in the Tax Cuts and Jobs Act, signed into law in December 2017, is a new tax planning technique for deferring gains from sales. By investing in Qualified Opportunity Funds, taxpayers can defer (and potentially partially avoid) gain recognition on the sale of any property.
Bennett Thrasher Named a “Best of 2018” Accounting and Forensic Firm in Nine Categories by the Daily Report
Bennett Thrasher LLP is proud to announce the Daily Report has named it “Best Of 2018” in nine categories. Bennett Thrasher won in the category for Best Full-Service Accounting firm for the seventh consecutive year and in the category for Best Forensic Accounting Firm for the fifth consecutive year.
What to Expect During an IRS Audit
There is a letter for you. The return address looks ominous – as the first line reads: Internal Revenue Service. You opened it. Your worst fears were confirmed. It is the dreaded notice that your individual income tax return is under audit or, to put it in the language used by the IRS, “your return has been selected for examination.”
ASC 606- The Early Results are In!
ASC 606, the long awaited and much debated new accounting standard for revenue recognition in the United States has now become reality for most public companies. Adoption of this new standard was required for calendar-year public companies effective January 1, 2018, and the results of adoption have now become public with the earnings releases and 10-Q filings for the first quarter ending March 31, 2018.
Jenny Cybul Discusses Accounting Recruiting and Retention in Current Accounts
In an article published in the 2018 March/April issue of Current Accounts, Jenny Cybul, chief human resources officer at Bennett Thrasher, discusses the best practices firms can use in recruiting and retaining talented professionals.
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