Firm News

Firm News

  • Offer plan loans? Be sure to set a reasonable interest rate March 22, 2017 Like many businesses, yours may allow retirement plan participants to take out loans from their accounts. Such loans are governed by many IRS and Department of Labor (DOL) rules and ...
  • FAQs about agreed upon procedures March 17, 2017 An agreed upon procedures (AUP) engagement uses procedures similar to an audit, but on a smaller and limited scale. Here’s how a customized AUP engagement differs from an audit and ...
  • Getting your money’s worth out of a company retreat March 16, 2017 Company retreats can cost enormous amounts of time and money. Are they worth it? Sometimes. Large-scale get-togethers can involve considerable out-of-pocket costs. And if the retreat is poorly planned or ...
  • Evaluating going concern issues March 10, 2017 Financial statements are generally prepared under the assumption that the business will remain a “going concern.” That is, it’s expected to continue to generate a positive return on its assets ...
  • Listen and trust: The power of collaborative management March 8, 2017 Many business owners are accustomed to running the whole show. But as your company grows, you’ll likely be better off sharing responsibility for major decisions. Whether you’ve recruited experienced managers ...
  • Filing deadline rapidly approaching for flow-through entities March 6, 2017 The federal income tax filing deadline for calendar-year partnerships, S corporations and limited liability companies (LLCs) treated as partnerships or S corporations for tax purposes is March 15. While this ...
  • Cooking the books March 3, 2017 What’s the most costly type of white collar crime? On average, a company is likely to lose more money from a scheme in which the financial statements are falsified or ...
  • Don’t make hunches — crunch the numbers March 1, 2017 Some business owners make major decisions by relying on gut instinct. But investments made on a “hunch” often fall short of management’s expectations. In the broadest sense, you’re really trying to ...
  • Tangible property safe harbors help maximize deductions February 28, 2017 If last year your business made repairs to tangible property, such as buildings, machinery, equipment or vehicles, you may be eligible for a valuable deduction on your 2016 income tax ...
  • Briggs & Veselka ranked among “Top 11 Best Accounting Firms in Houston, TX” by AdvisoryHQ February 27, 2017 AdvisoryHQ released their “Top 11 Best Accounting Firms in Houston, TX” list for 2017, and Briggs & Veselka made the cut. Below you can read up on why B&V made ...