Blog
Feb
Rue & Associates Launches Tax Problem Resolution Unit
Additional Job Opportunities for Area Professionals Expected Richmond, VA, February 14, 2018 – Greater Richmond, Virginia-based tax, accounting and consulting firm, Rue & Associates, Inc., announces the launch of its new tax problem resolution (TPR) unit, Tax Help US. Recently …
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Pivotal Time for Private Companies on Revenue Recognition
It’s clear that FASB’s new revenue recognition standard might not be first choice for private company’s finance. The standard takes effect for private companies for annual reporting periods beginning after Dec. 15, 2018, and interim periods within fiscal years beginning …
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FASB Staff Paper Assists with Franchise Fee
A new FASB staff paper offers information to private company franchisors as they decide how to identify certain franchise fees under the new revenue recognition standard. The FASB staff paper gives educational illustrations demonstrating how a franchisor may make these …
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Social Security Administration Sets the Wage Base for 2019
The Social Security Administration declared that the maximum amount of wages on individuals to old age, survivors, and disability insurance tax will increase to $132,900 in 2019. The OASDI tax rate is 6.2 percent, so an employee with wages up to …
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Due Diligence for Tax Preparers are Finalized
Recently the IRS finalized proposed regulations imposing a penalty on tax return preparers who do not follow certain due-diligence requirements when preparing to file returns for taxpayers who are claiming to be head-of-household filing status, the earned income tax credit, …
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