Archive for August 2015
ASU 2015-03 and 2015-15: Simplifying the Presentation of Debt Issuance Costs and the Imputation of Interest
What you need to know in 4 Q&As In April 2015, the Financial Accounting Standards Board (FASB) released Accounting Standards Update (ASU) 2015-03 Interest — Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. This was issued as part of the FASB’s Simplification Initiative, directed at identifying and improving generally accepted accounting…
Read MoreTax Filing Due Dates to Change for 2016 Tax Year
Atlanta Business Chronicle: Protecting the Plant
Manufacturing Businesses Grow When Leaders Empower Employees
Indirect Cost Series: Part One – What Are Indirect Costs?
This is part one of a five-part series on indirect costs. When contractors are accounting for contracts, it’s easy to account for the typical project costs that come from an invoice for tangible materials delivered to a site. However, other costs, known as indirect costs, are often forgotten in the planning and budgeting process. In…
Read MoreUse QuickBooks-Compatible Apps to Reduce Data Entry
As a small business entrepreneur there is a lot of demand on your time from competing forces, not the least of which are accounting and administrative tasks. For most business owners and their support staff, these tasks are the necessary evil of doing business, often put off until the last possible moment in favor of…
Read MoreSection 338(g) Election for the Acquisition of a Foreign Target Corporation
A Section 338 election has the effect of recharacterizing a taxable stock acquisition as a deemed asset acquisition. The advantage to the buyer is the step up in the basis of the assets deemed acquired to the fair market value on the date of purchase. In the context of a cross-border acquisition, there are some…
Read MoreThe Sourcing Tail Wagging the Nexus Dog
There is a growing list of states that have adopted a more aggressive income tax nexus standard. On August 11, 2015, Alabama added itself to the group of states that impose their income tax on out-of-state businesses solely based those businesses a certain level of sales to customers in the state. The trend is a…
Read MoreFund Profile: Grotech Ventures Takes a Personal Approach to Investing
By Brett Cloetingh and Melissa Tarkett Grotech Ventures is an established early stage venture capital firm headquartered in Tysons Corner, Virginia. Entrepreneurial in spirit, Grotech is constantly “looking around the corner for the next big idea.” Dedicated to early investing in high potential technology companies, Grotech invests east of the Rocky Mountains with a focus…
Read MoreUse DoL Affirmative Action Tool to Test Compliance
OFCCP has posted a new interactive tool that contractors may find useful. The Checklist for Compliance with Section 503 of the Rehabilitation Act of 1973 was developed by the Department of Labor’s Office of Disability Employment Policy, in coordination with OFCCP. The Checklist is designed to help contractors assess their compliance with the affirmative action…
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