On January 5, the Financial Accounting Standards Board (FASB) published its accounting standard that changes how to recognize and measure financial assets and liabilities.

Manufacturers and distributors tend to invest heavily in equipment, technology upgrades and leasehold improvements. Depreciation from these assets can be a major deduction for tax purposes. 

Bonus depreciation allows businesses to recover the costs of depreciable property more quickly by claiming additional first-year depreciation for qualified assets.

The Securities and Exchange Commission (SEC) is asking for public comments on several key changes to its rules by the first quarter of 2016.

When did your bank last review its valuation program for real estate collateral? Bank examiners today, still influenced by the real estate crises of the last decade, want to know that your institution is following all relevant rules and guidelines.

The Supreme Court of Texas recently agreed to hear a case on the issue of whether or not the downhole and below ground equipment used in oil and gas production could be considered exempt from sales tax.

If you’re like many Americans, you may not start thinking about filing your tax return until the April 15 deadline (this year, April 18) is just a few weeks — or perhaps even just a few days — away. But there is another date of importance: January 19. That’s the date the IRS began accepting 2015 returns, and filing as close to that date as possible could protect you from tax identity theft.

In November, FASB released a proposal that would give investors, analysts and taxpayers a better idea of the types of economic incentives companies receive from all levels of government.

By purchasing stock in certain small businesses, you can not only diversify your portfolio but also enjoy preferential tax treatment.

Just in time for the start of audit season, the Public Company Accounting Oversight Board (PCAOB) has published reorganized auditing standards. This new framework should make the audit process more efficient. In addition, the PCAOB identified several emerging issues during its November meeting that warrant special attention this year.