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Returning Value Blog

Intangible Assets: How Must the Costs Incurred Be Capitalized?

Posted by Marty Williams, CPA on Dec 16, 2022

These days, most businesses have some intangible assets. The tax treatment of these assets can be complex.

What makes intangibles so complicated?

Full Story

Posted in Business Tax

Accounting Policies and Procedures Are Essential for Nonprofits, Too

Posted by Lesley L. Price, CPA on Dec 15, 2022

Financial reporting isn’t all about profits. Not-for-profit entities can also benefit from implementing formal accounting processes. From preparing budgets and monitoring financial results to paying invoices and handling payroll tax, there’s a lot that falls under the accounting umbrella. Are these tasks, and others, being managed as efficiently at your organization as they could be?

Full Story

Posted in Business Tax

Real Estate and Construction Industries' Growing Cybersecurity Threat

Posted by Jessica L. Pagan, CPA on Dec 14, 2022

In the last few years, real estate and construction leaders have made great strides to implement new technologies into their regular practices. While these advances have uncovered additional efficiencies, their adoption has created a critical vulnerability: data security.

Full Story

Posted in Business Advisory

Do You Qualify for the QBI Deduction? And Can You Do Anything by Year-end to Help Qualify?

Posted by Murry Guy, CPA on Dec 13, 2022

If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is referred to as the pass-through deduction or the Section 199A deduction.

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Posted in Business Tax

What to Do if Your CFO or Controller Leaves

Posted by Melissa Motley, CPA on Dec 07, 2022

A leadership departure in your accounting department can create turmoil, at least temporarily. However, it also provides an opportunity to assess the department’s performance and create a vision for its future performance. Here are four questions to address if your CFO or controller leaves.

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Posted in Accounting & Outsourcing

Crypto's Wild Ride in 2022: Understanding What's at Stake

Posted by Nick Wheeler, CPA on Dec 06, 2022

What a difference a year makes. In 2021, cryptocurrency markets reached all-time highs. Broader institutional adoption continued with the likes of BlackRock, Fidelity, JPMorgan Chase, Morgan Stanley, Deutsche Bank, and Goldman Sachs investing in the space and offering their clients crypto assets. Interest in decentralized finance (DeFi) and non-fungible tokens (NFTs) was at an all-time high.

Full Story

Posted in Business Advisory

Is It Time to Update Your Accounting Practices?

Posted by Murry Guy, CPA on Dec 05, 2022

If you ask some business owners why they do things a certain way, they might answer, “Because we’ve always done it that way.” But with all the changes that have taken place in the financial and accounting realm, doing things the way you’ve always done them could be costing your business in terms of lost efficiency and profits. Here are five considerations to help modernize your accounting processes and systems.

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Posted in Business Advisory

Plan Sponsor Alert: Roth 401(k) Remains Underutilized Despite Potential Benefits

Posted by Michael D. Machen, CPA, CVA on Dec 01, 2022

While plan sponsors have been able to amend their 401(k) plans to include a post-tax deferral contribution called Roth for more than a decade, only 86 percent of plan sponsors have made it available to participants, according to the Plan Sponsor Council of America. Meanwhile, despite the potential benefits of such plans, just a quarter of participants who have access to the Roth 401(k) option use it. Plan sponsors may want to consider adding a Roth 401(k) option to their lineup because of the potential tax benefits and other advantages for plan participants.

Full Story

Posted in Retirement Planning

How to Manage a Payroll Schedule

Posted by Murry Guy, CPA on Nov 30, 2022

Learn how to create an effective payroll budget to avoid wondering how and where your money was spent. Creating a payroll budget helps you understand what percentage of your budget should go to payroll and enables you to stay on track throughout the year. Generally, payroll should account for about 15% to 30% of your company’s gross income, but with service industries, costs can be as high as 50%.

Full Story

Posted in Payroll, HR & Benefits

Preparing for Year-End Inventory Counts

Posted by Aaron K. Waller, CPA on Nov 22, 2022

How accurate is the amount reported in your company’s perpetual inventory system? To best answer that question, a physical count is essential at year-end. For calendar-year entities, year-end is fast approaching on December 31.

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Posted in Audit & Assurance

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