company risk accounting

Establishing your company’s risk appetite

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) recently published new guidance on how companies can ...
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Mauldin & Jenkins

Avoid pitfalls when splitting gifts with your spouse

The annual gift tax exclusion allows you to transfer up to $15,000 per beneficiary gift-tax-free for 2020, without ...
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coronavirus related distribution from retirement plan

What qualifies as a “coronavirus-related distribution” from a retirement plan?

As you may have heard, the Coronavirus Aid, Relief and Economic Security (CARES) Act allows “qualified” people to ...
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asset impairment and 2020 financial statements

Asset impairment is expected to hit 2020 financial statements

Some companies are expected to report impairment losses in fiscal year 2020 because of the COVID-19 crisis. Depending ...
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estate planning mauldin & jenkins

Business succession and estate planning: It can be complicated

Transferring a family business to the next generation requires a delicate balancing act. Estate and succession planning strategies ...
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real estate taxes mauldin & jenkins

If you’re selling your home, don’t forget about taxes

Traditionally, spring and summer are popular times for selling a home. Unfortunately, the COVID-19 crisis has resulted in ...
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outsourcing finance and accounting

Is it time to outsource finance and accounting?

Outsourcing may appeal to organizations that are currently struggling with mounting overhead costs during the COVID-19 crisis. By ...
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PPP flexibility act

PPP Borrowers Get Concessions, Additional Guidance on Forgiveness

The U.S. Senate has passed the bipartisan Paycheck Protection Program Flexibility Act of 2020, which loosens several of ...
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deducting medicare premiums

Seniors: Can you deduct Medicare premiums?

If you’re age 65 and older, and you have basic Medicare insurance, you may need to pay additional ...
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month end close mauldin & Jenkins

5 steps to streamline the month-end close

Many companies struggle to close the books at the end of the month. The month-end close requires accounting ...
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nonworking spouse IRA

A nonworking spouse can still have an IRA

It’s often difficult for married couples to save as much as they need for retirement when one spouse ...
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FASB revenue recognition and leases

Revenue recognition and leases: FASB gives certain entities more time

Private companies and most nonprofits were supposed to implement updated revenue recognition guidance in fiscal year 2019 and ...
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