Blog Archives: 2019

FASB Proposes Delay to Effective Date of Leases Standard

Posted August 15th, 2019 & filed under Blog.

April 21, 2020 update: To provide accounting relief and clarity during the COVID-19 crisis, the FASB published an exposure draft with proposals to delay the effective dates for Leases (Topic 842).

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Qualified Business Income (QBI) Deduction Update

Posted August 14th, 2019 & filed under Blog.

For tax years 2018 through 2025, individuals, trusts and estates can get a 20% deduction of Qualified Business Income (QBI) from sole proprietorships, S corporations and partnerships subject to certain limitations.

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Is Your Monthly Close Practice Working for You?

Posted July 2nd, 2019 & filed under Blog.

As an executive, if you don’t receive accurate and timely end-of-month financial reports, your business could suffer in a multitude of ways:

• You’ll be unable to identify errors in a timely manner,

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Quality of Earnings Report – Three Frequently Asked Questions

Posted March 25th, 2019 & filed under Blog.

Last year, I wrote an article about the activity around quality of earnings (QoE) reports for M&A activity. To recap, a QoE report is a detailed analysis of all the components of a company’s earnings and the degree to which both cash and non-cash earnings,

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Washington Department of Revenue Annual Tax Incentive Reports and Surveys – Due May 31st

Posted March 20th, 2019 & filed under Blog.

Taxpayers taking advantage of any one of the available State of Washington tax incentives – including tax deferrals, reduced B&O tax rates, exemptions, and credits – may be required to file an Annual Report or Annual Survey.

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