By distributing profits in the form of dividends rather than salary, an S corporation and its owners can avoid payroll taxes on these amounts. But paying little or no salary to S corporation shareholder-employees can be risky.

DALLAS-FORT WORTH, Texas (August 4, 2015) – Tim Follett, CPA, CGMA recently joined Weaver, the largest independent accounting firm in the Southwest, as an assurance partner in Weaver’s quality and risk management group. Follett focuses on developing tools, resources, guidance, policies and processes associated with firm compliance, risk management, administration and operations.

Today’s regulatory environment applies increasing pressure on banks to beef up their compliance and risk management functions. In examining these functions, federal banking regulators are emphasizing the critical oversight role played by a bank’s board of directors.

The Tax Paraprofessional should demonstrate a basic understanding of business operations and accounting systems. They will be responsible for assigned engagements with supervision from more experienced staff.

PCAOB officials are asking whether the time has come to refresh the existing audit guidance on the use of specialists — including professionals hired by the audit team to test accounting estimates and those hired by the audit client to help make accounting estimates.

The EPA has announced that more than 10.2 million D4 RINs generated by New Energy Fuels (Company ID 7331) between July 7, 2010 and December 9, 2011 have been invalidated. More than 4.8 million D4 RINs generated by Chieftain Biofuels (Company ID 3488) between October 3, 2011 and February 29, 2012 have been invalidated as well.

The SALT Income Tax Senior plans, supervises and reviews multiple tax and accounting services engagements and other client assignments. They are responsible for providing tax consulting services specific to state and local taxes, including income, franchise, and sales and use, and/or property taxes.

With nonqualified stock options (NQSOs), if the stock appreciates beyond your exercise price, you can buy shares at a price below what they’re trading for. This is the same as for the perhaps better-known incentive stock options (ISOs).

Changing regulations and new and emerging risks in the business place means that banks must review their risk management process much more frequently. Oftentimes, leadership may determine that changes are needed to their current systems and processes.

Private manufacturers and distributors can select from a wide menu of loan options from financial institutions. Popular choices include lines of credit, term loans, leases, mortgages and Small Business Administration (SBA) loans.