Blog Archives: 2015

A New Tax Regulation that Accelerates Expenses? Yes, Please!

My husband and I just opened our first restaurant, and we were very excited to hear the IRS came out with a new tax regulation that would actually benefit us.  The new rule allows private companies to increase the de minimis safe harbor threshold from $500 to $2,500 for companies without audited financial statements. In other words, […]

Preparing for the Tacoma Paid Leave Ordinance

Do you have employees who work within the City of Tacoma? Effective February 1, 2016, Tacoma’s Paid Leave Ordinance becomes effective for all employees who work over 80 hours in a calendar year within the Tacoma city limits. Employers under this ordinance will be required to provide 1 hour of paid leave for every 40 […]

Is Your Business Ready to Take on More Credit Card Fraud Liability?

There is a big change related to credit card fraud liability that went into effect on October 1, 2015, but it is still unclear to many how the risk of loss is shifting and what the impact will be to their businesses. Before you spend money and time adding the capabilities to accept the credit card […]

Calling all Microsoft Vendors – What You Need to Know About PII Compliance

Nearly a decade ago, Microsoft introduced a vendor compliance program – the Supplier Security and Privacy Assurance Program (SSPA) – to keep tabs on vendors that handle “personally identifiable information” of their employees or customers. PII, as it is known, would represent credit card numbers, social security numbers, and the like. In the age of […]

Accounting Update: Simplifying the Measurement of Inventory

Recently, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2015-11 on simplifying the measurement of inventory. The purpose of the update was to: Reduce cost and complexity Provide users of financial statements more comparable information Increase convergence to IFRS. What’s changed, and what hasn’t The primary provision of the amendment is to change […]

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