Ricci & Company Insights
Our world moves fast, so you need the latest news to stay on top. Our insights give you the information you need to make better decisions and plan for a better tomorrow.
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AUDIT BRIEFS
IASB defers the effective date of amendments to IAS 1
The IASB defers effective date of Classification of Liabilities as Current or Non-current, amending IAS 1. (more…)
July 24, 2020 -
SMALL BUSINESS TAX BRIEFS
PPP borrowing extended through Aug. 8, 2020/borrower info released
Congress extends PPP timeline for approved applications through Aug. 8, 2020; SBA releases data set of borrower information. (more…)
July 9, 2020 -
TECHNICAL ACCOUNTING CONSULTING BRIEFS
Day 2 compliance with ASC 842 Optimization leads to operational improvements and reduced costs
Businesses can improve operations and reduce costs after adopting the ASC 842, despite the time and effort required to maintain compliance. (more…)
June 17, 2020 -
SMALL BUSINESS TAX BRIEFS
Coronavirus Aid, Relief, and Economic Security Act (CARES)
Signed into law on March 27, 2020, the CARES Act also provides tax relief and additional aid provisions. (more…)
March 27, 2020 -
FEDERAL TAX BRIEFS
Federal tax reform and the states: Conformity is key
On Dec. 22, 2017, President Trump signed H.R.1, the federal tax reform bill, into law, providing for the most significant modifications to the federal tax code in 30 years (more…)
June 13, 2018 -
FEDERAL TAX BRIEFS
Court affirms exclusion of assumed liabilities in acquired assets’ basis
Liabilities not assumed and not includable in basis until service is performed. Taxpayers urged to examine past, present and future acquisitions. (more…)
June 13, 2018 -
FEDERAL TAX BRIEFS
Penalty letter for employers that are Affordable Care Act noncompliant
The IRS has issued penalty letters to employers that appear to be noncompliant with the Affordable Care Act’s (ACA’s) employer shared responsibility provision. (more…)
November 12, 2017