Pease Bell Posts

Section 179 depreciation was originally designed to help businesses grow by allowing them to completely write off large purchases of machinery and equipment in the first year of use.  It had some quirky limitations, but

If an employee receives stock as part of their compensation, but the stock will not vest for several years, the employee can make a section 83(b) election to include the current value of the stock

What could the game of golf and information security possibly have in common? While they may seem like two completely different aspects of human interest, they surprising share many similarities. In the spirit of the

Running a restaurant is not just about serving delicious food and creating a welcomingenvironment; it’s also about managing finances effectively. Restaurant accounting is acrucial aspect of ensuring the long-term success and sustainability of any diningestablishment.

Overview In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, “Measurement of Credit Losses on Financial Instruments”, which significantly changed how entities measure credit losses for most financial assets

On December 21, 2023, the IRS announced a new program for taxpayers who want to pay back money they received filing for the ERC refunds for 2020 and 2021 but feel that they claimed these

On December 22, 2023, New York’s governor signed Senate Bill 995B/Assembly Bill 3484A, enacting the New York LLC Transparency Act (NYLTA). The NYLTA is modeled after the beneficial ownership information (BOI) reporting requirements under the

In a previous article we stressed the importance of proper Vendor Risk Management. But how do you actually review a SOC 2 report, especially if its 85 pages long? This article will help you identify

Starting in 2022, many states came out with a Pass-Through Entity Tax. A pass-through entity tax is an entity-level income tax that partnerships, S corporation, and Limited Liability Companies (LLCs) may elect to pay. Many

Related-party financing and advances to and from affiliates are commonplace in the health care industry, especially within the skilled nursing industry as well as other for-profit, fee-for-service healthcare providers. These advances allow operators to manage

Businesses enter into acquisitions for a multitude of reasons. For example, a company may be looking to grow, expand product offerings, or open distribution channels in new markets. In a market that has seen immense

Important Changes to Ohio’s Commercial Activity Tax: Ohio’s Commercial Activity Tax (CAT) changed significantly effective January 1, 2024, and requires due diligence for future filing purposes.  Ohio’s Budget Bill (H.B. 33) eliminated the annual minimum