Net Working Capital (NWC) is one of the most contentious points in a deal process and a topic that is frequently ignored on the front end of a transaction. NWC is derived from a company’s balance sheet and represents current assets, less current liabilities at a given point in time.
Among the many changes brought on by last year’s Tax Cuts and Jobs Act, one potentially beneficial update from the law is the new Employer Credit for Paid Family and Medical Leave. This completely new credit is currently available for the 2018 and 2019 tax years. Employers may be eligible for a credit ranging from 12.5% to 25% of wages paid to employees taking protected leave provided for in the Family and Medical Leave Act.
In a recent article published by Atlanta Daily World, the Bennett Thrasher Foundation is highlighted for providing grant support to the READTeam program, a partnership between Malcolm Mitchell’s Share the Magic Foundation and the Andrew and Walter Young Family YMCA.
Bennett Thrasher is pleased to announce the issuance of the FY 2018 Bennett Thrasher Foundation Annual Report. The purpose of the Annual Report is to share both the accomplishments and impact the Foundation has made in the local community.
The BT recruiting team wrapped up another successful fall campus recruiting season in October. Our overall goal this year was to increase BT’s brand awareness on campuses across the Southeast before the annual accounting career fairs occurred (aka Meet the Firms).
On Tuesday, December 18 at 1:00 PM ET, James Pickett, Director of Tax Controversy at Bennett Thrasher, will be presenting a live webinar and discussing steps to take when the IRS mails you a letter or notice.
In an article published recently by Accounting Today, Bennett Thrasher is highlighted as a standout accounting firm for offering employees perks such as closing the office for the week between Christmas and New Year’s.
In a recent article published by Realty Biz News, Bennett Thrasher Partner Trey Webb gives insight on significant tax law changes that commercial investors need to be aware of and resulting investment trends, including coupling low-income housing credits with historic rehabilitation projects in qualified opportunity zones.
In the Member News section of the most recent issue of GSCPA Current Accounts, Chris Frederick and Gina Miller’s promotions to partners are announced, along with the recent formation of two new practice groups at Bennett Thrasher, including Value Acceleration and Exit Planning Services led by Gina Miller.
The Georgia Department of Revenue has been adopting new audit policies on voluntary and random film tax credit audits. Sometimes these policies are being adopted retroactively and some are arguably aggressive
As private companies are gearing up for the implementation of Accounting Standards Codification (ASC) 606, Revenue from Contracts with Customers, many are wondering how this guidance will impact the manufacturing industry. For privately‐held entities, ASC 606 applies for annual periods beginning after December 15, 2018 (2019 will be the first year for December year‐ends).
Thinking Taxes – Click here to read the fourth quarter newsletter.