New Revenue Recognitions Standards Announced: What Mid-Size Companies Should Do Now to Prepare

By: Griselle Umpierre, Audit Senior Manager After almost a decade of discussion, analysis and planning, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have issued new rules for how companies report revenue on their financial statements. The new standards will be a boon to investors and other stakeholders because they …

Continue reading ‘New Revenue Recognitions Standards Announced: What Mid-Size Companies Should Do Now to Prepare’ »

1099 Filing: Keys to Compliance that will Keep the IRS from your Doorstep

By: Dharma Diaz-Azcuy, CPA, Accounting Services Manager Business is changing all the time. As the economy recovers, many companies are growing faster and stronger than their owners expected. To handle increased workload, orders or numbers of clients, many are turning to contractors or outside vendors for help. Tax regulations in this area have changed in …

Continue reading ‘1099 Filing: Keys to Compliance that will Keep the IRS from your Doorstep’ »

Two New Accolades for Williams Benator & Libby

Firm Named Among AccountingToday’s 2014 “Best Accounting Firms to Work for” and winner of inaugural Georgia Accounting Food Fight ATLANTA, GA—For the second consecutive year, Williams Benator & Libby, LLP (WBL) has been named one of the Best Accounting Firms to Work For in the United States by AccountingToday and Best Companies Group. The annual …

Continue reading ‘Two New Accolades for Williams Benator & Libby’ »

Maximize Your Staffing Business’ Value NOW: Eight Key Accounting, Tax and Finance Tips to Prepare Your Staffing Business for Sale

By Bruce V. Benator, Transaction Services Practice Leader and Staffing Industry Specialist In the next three to five years, as much as 40 percent of private business owners will retire, in most cases selling their business, according to various sources. Whether you are thinking of selling a staffing business now, or the thought of selling …

Continue reading ‘Maximize Your Staffing Business’ Value NOW: Eight Key Accounting, Tax and Finance Tips to Prepare Your Staffing Business for Sale’ »

Retirement Benefit Plans Offer Tax Advantages to Businesses of All Sizes

By Kevin Hedrick, CPA Business owners want to maximize profits now and put money away for when they retire. They also want to attract and retain great employees. Retirement benefit plans can help business owners to accomplish both of these objectives.  And they help employees by creating a “forced savings” and offer significant tax deferral benefits. There …

Continue reading ‘Retirement Benefit Plans Offer Tax Advantages to Businesses of All Sizes’ »

Foreign Taxpayers and Resident Status: Strategies to Minimize Your Tax Liability

By David A. Nash, CPA, Tax Manager International business men and women who work in the United States for some or all of the year have several choices when it comes to complying with U.S. and state tax laws. Whereas residents of the U.S. are taxed on their worldwide income, nonresidents are taxed only on their …

Continue reading ‘Foreign Taxpayers and Resident Status: Strategies to Minimize Your Tax Liability’ »