4 questions to guide your prospective financial statements
CPAs don’t just offer assurance services on historical financial results. They can also prepare prospective financial statements that predict how the company will perform in the future. This list of questions can help you make
M&As Aren’t Personal — Don’t Let Them Become So
It happens sometimes. Weeks of planning and a smooth due diligence stage are followed by several tense, even hostile days at the negotiating table. At this point, it’s obvious to everyone involved that personality conflicts
An Asset Sale can be to your Company’s Advantage
Even if your company offers strong growth potential, a business buyer may actually be more interested in something more tangible. For some buyers, an acquisition’s value lies in a specific set of assets. Companies with
Don’t ignore the Oct. 16 extended filing deadline just because you can’t pay your tax bill
The extended deadline for filing 2016 individual federal income tax returns is October 16. If you extended your return and know you owe tax but can’t pay the bill, you may be wondering what to do
How do Your Accounting Estimates Measure Up?
Today’s businesses face unprecedented uncertainty — from geopolitical risks and cyberthreats to tax and regulatory reforms. So, management’s historical means of addressing uncertainty in accounting estimates may not pass muster in the coming audit season.
Be Flexible About Changing M&A Objectives
Sometimes an M&A deal ends up not only in a different place from where it started, but in a different guise. Whether it’s due to shifting market conditions or other unforeseen factors, a buyer’s acquisition
How Might International Volatility Affect my Foreign Acquisition?
These days, U.S.-based companies planning overseas acquisitions need to prepare for regulatory snags. Political flux in Europe and Asia won’t necessarily make cross-border deals more difficult. But you need to be aware of how regulations
Introducing Our Film Tax Credits Practice
My name is Alex Semerano and I am a Partner at Pease & Associates, CPAs located in Cleveland, OH, where I have spent several years developing an expertise in the Ohio film tax credits, along with partnerships, federal
Jennifer Barnes to Present at OSCPA October Women’s Event
Pease and Associates Director of Tax, Jennifer Barnes, will present at the Ohio Society of CPAs Cleveland Women’s Initiatives Committee career-enhancing October event. Jennifer will discuss “7 Habits of Highly Effective Women Accountants” during the
Strong Internal Controls Help Reduce Restatements
A recent study has found that fewer public companies are reissuing financial statements due to errors or omissions, in large part due to stronger internal controls. Want to upgrade your controls and reduce your risk
“Bunching” Medical Expenses – A Tax-Smart Strategy
Various limits apply to most tax deductions, and one type of limit is a “floor,” which means expenses are deductible only if they exceed that floor (typically a specific percentage of your income). One example
Ready for the new not-for-profit accounting standard?
A new accounting standard goes into effect starting in 2018 for churches, charities and other not-for-profit entities. Here’s a summary of the major changes. Net asset classifications The existing rules require nonprofit organizations to classify
