Bennett Thrasher is proud to announce that our Shareholder Emerita, Lyn Reagan, took first place in her division in the PT Solutions Allatoona Triathlon on Sunday, June 23, 2013. The race was held at Dallas Landing in Acworth, Georgia. Participants swam 500 meters through Lake Acworth, biked for 18 miles around a hilly, scenic loop, and raced through a 5k run to the finish line in Historic Downtown Acworth.
The purpose of the Patient Protection & Affordable Care Act (PPACA) is to ensure that all Americans have access to quality, affordable health insurance coverage. The legislation does not mandate employers to offer health insurance coverage to its employees. However, it does impose penalties on “applicable large employers” if one of their full-time employees obtains a premium tax credit through the health insurance exchange.
Bennett Thrasher Shareholder Jerry Weil authored the article, “10 Tax Issues for Tech Startups to Consider Now,” which was published by TechJournal. While the technology sector has been the source of some of the most successful startup companies over the past two decades and one of the greatest contributors to new businesses worldwide, there are some considerations entrepreneurs need to take into account before starting a technology company.
As investors increase their demands for financial statements that are more reliable, more relevant, and less an accounting of history (no pun intended), the two primary global bodies charged with establishing standards of financial accounting that govern the preparation of financial reports – Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) – have sought to meet those needs through promulgation of a consistent set of standards.
The 2008 recession affected everyone in the construction industry; most are still feeling the impact today. Companies with historically strong backlogs have only recently been able to understand the severity of the situation. Fortunately, we’re starting to see volumes return to pre-recession levels, although competition continues to drive margins down.
Many states have adopted Film, Television and Digital Entertainment tax credit incentive programs to encourage companies in the entertainment industry to conduct business in their jurisdictions.
Atlanta, July 2013 – Bennett Thrasher, one of the top Atlanta-based full-service certified public accounting and consulting firms, is pleased to announce its partnership with Junior Achievement (JA) of Georgia, and its efforts to provide a dynamic learning experience designed to enhance metro Atlanta students’ financial literacy and build skills for personal and professional success.
The Private Company Council (PCC), established by the Financial Accounting Foundation (FAF) in May 2012, is working in conjunction with the Financial Accounting Standards Board (FASB) to determine whether and when to modify existing US Generally Accepted Accounting Principles (US GAAP) in order to simplify the process and reduce the cost of preparing private company financial statements and improve the relevance of the financial statements to users. Those efforts are now paying off.
Bennett Thrasher is excited to announce that we will be hosting our first ever collegiate conference, Break Through, this July.
Cory Bennett, senior manager at Bennett Thrasher, recently authored the article, “Proposed Lease Accounting Changes: What Does This Mean for Multi-Unit Franchisees?” that appeared in the Multi-Unit Franchisee newsletter. The article discusses the proposed changes in a joint exposure draft released by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB).
Jeff Call, Shareholder and Managing Director of Bennett Thrasher’s Tax department, has been selected for the third consecutive year as a Five Star Wealth Manager for metro Atlanta. Individuals included on the 2013 list, representing less than 7 percent of wealth managers in Atlanta, were chosen due to their exceptional ability and commitment to overall client satisfaction.
Bennett Thrasher’s Peter Stathopoulos, Shareholder, authored the article “Rise of State Tax Tribunals,” published in Accounting Today. As state and local tax compliance becomes increasingly complex, states are becoming more and more aggressive in their attempts to collect revenues, rendering existing mechanisms for resolving state tax disputes unworkable.