My name is Lee Ann Collins, managing partner of Lane Gorman Trubitt, (LGT), a public accounting firm in Dallas, and this job is keeping me up at night. This month, client loyalty is keeping me up. I...
As a result of the Tax Cuts and Jobs Act (TCJA) and beginning in 2018, the new Internal Revenue Code Section 163(j) will limit the ability of a business to deduct its business interest expense if the...
In part one of this series Maria explained the relationsip between contracts and ASC 606 you can read it here.
In the wake of the new tax law and other developments, many not-for-profits are looking for ways to solidify their financial footing—including the possibility of merging with another organization....
With the national unemployment rate dropping to the lowest levels in more than a decade, many dealerships are looking for new ways to attract and retain talented employees. The Tax Cuts and Jobs Act...
The deduction is allowed for tax years beginning after December 31, 2017 and before January 1, 2026. This pass-through deduction is for sole proprietorships, S corporation, and partnerships; C...
Already with more than one quarter of 2019 in the books, CEOs of small- to medium-size business (SMBs) remain cautious but optimistic about the remaining portion of the year. In a recent polling of...
The most significant change the Tax Cuts and Jobs Act (TCJA) brought to like-kind exchanges is that it is limited to only real property held for productive use in a trade or business or held for...
I am Lee Ann Collins, Managing Partner at Lane Gorman Trubitt, and recently I found myself awake instead of peacefully sleeping. The Notre Dame Cathedral in Paris, France was burning, and I watched...
The changes in revenue recognition present two major issues. In this month's article, Maria will address the first issue. Next month she will complete this two part series.