Explore CBIZ’s latest insights on the critical issues that help advance accounting, tax, insurance, HR and much more at your organization. Search for exactly what you need to succeed below.
August 20, 2019
So You Got a Cryptocurrency Letter from the IRS, Now What?
If you have a letter for the IRS about a cryptocurrency transaction, you will need to understand a little bit more about the taxation of crpytocurrency.
How to Ensure Estimated Discount Rates for Lease Liabilities Hit the Mark
The forthcoming lease accounting changes will require companies with leased assets to record a lease liability. For most lessees, the only option they will have to calculate their lease liability will be to estimate an incremental borrowing rate. Careful analysis is needed to estimate an incremental borrowing rate. The following factors should be part of that evaluation.
August 16, 2019
Do Your FATCA & CRS Due Diligence
Private equity and venture capital (PE/VC) firms can save a lot of grief with their international tax requirements by setting up parameters for their investor onboarding and reporting processes.
August 14, 2019
Get A Jump-Start on Planning for Your 2019 Tax Bill
While the 2018 tax filing season has come and gone, it is never too soon to start thinking about filing for next year’s taxes.
August 13, 2019
IRS Announces New Comprehensive Withholding Estimator
After a tax season with some unwelcome withholding tax surprises, the IRS created a new tool to help. Taxpayers can use the Tax Withholding Estimator to complete their Form W-4 so that they get the desired income tax withholding outcome: a refund or a zero balance. But the new tool is only as good as the information supplied.
Improve Your Revenue Recognition Assessment Speed
In the race to adopt the revenue recognition accounting changes, the initial impact assessment is your course map. Knowing how to conduct your revenue recognition assessment—from selecting the sample contracts to applying the five-step accounting model itself—can help your organization get to the adoption finish line faster.
Washington Simplifies Economic Nexus Standards
Washington recently joined the growing number of states that are adjusting state tax policies around remote retailers and marketplace facilitators. The state made updates that will likely increase the number of out-of-state vendors who would be subject to the state’s Business and Occupation tax.
August 12, 2019
Fixed Asset Valuation for Chain Stores: The Importance of Making the Right Assumptions
Fixed asset valuation proves particularly challenging for chain stores in the retail and hospitality sectors. Several factors could affect the assumptions used for the valuation process. If valuation providers do not weave these facts into their analyses, companies could be left with an incomplete picture of the value of their assets.
August 8, 2019
By Bill Stitt, Matthew Mercier
Flooding – A Business Risk Mitigated by Planning and Insurance
A storm’s impact can disrupt an entire supply chain network – manufacturers, distributors, warehouses and retailers. Supply chain disruptions and even short power outages can paralyze a business. Flood waters can take down a manufacturing operation for days or weeks, damage roads and bridges essential for product delivery, and destroy warehoused inventory. A well-executed insurance plan will provide a measure of insulation should damage be sustained.
August 7, 2019
Strategies to Avoid or Reduce Section 232 and 301 Duty Increases (Guest Article)
Despite protests by affected companies and sporadic intergovernmental negotiations, U.S. importers, exporters and manufacturers continue to be burdened by the additional tariffs the Trump administration has imposed on hundreds of billions of dollars’ worth of imported goods. However, there are a number of proven and legitimate ways to avoid or reduce these duties that have been used for many years with great success.