Although a vehicle’s value typically drops fairly rapidly, the tax rules limit the amount of annual depreciation that can be claimed on most cars and light trucks. Thus, when it’s time to replace a vehicle used in business, it’s not unusual for its tax basis to be higher than its value.

The Compliance Associate II or Senior Associate will plan, perform, and deliver work independently with limited supervision on average-sized to large complex engagements. They should have a thorough understanding of banking laws and regulations with the ability to research issues and provide management with coherent information on non-routine, complex issues.

Public companies continue to struggle with the conflict minerals disclosures required under the Dodd-Frank Act, and many questions remain unanswered.

Public companies will soon have another disclosure to add to their proxies, annual reports and registration statements.

Business operations can always count on one thing: uncertainty. And with potential risks affecting every aspect of today’s business, it is important that risk management is part of an ongoing conversation to enhance risk awareness and preparedness.

Contributing to a traditional employer-sponsored defined contribution plan, such as a 401(k), 403(b) or 457 plan, offers many benefits.

Federal regulators have traditionally warned banks about the dangers of interest rate risk (IRR). Today, with interest rates potentially poised to rise, it’s critical that banks have a robust program for managing IRR.

On July 23, the FASB updated GAAP to simplify the ways certain businesses report inventory. Accounting Standards Update No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory, requires businesses that use the first-in, first-out or average cost method to measure inventory at the lower of cost or net realizable value, instead of at the lower of cost or market value.

Here’s a simplified way to project your estate tax exposure. Take the value of your estate, net of any debts. Also subtract any assets that will pass to charity on your death.

The Audit Senior II should have a thorough understanding of technical accounting literature within the GAAP and SEC hierarchies and be able to research issues and provide management with relevant information, technical guidance and conclusions on non-routine, complex issues.