The Committee of Sponsoring Organizations of the Treadway Commission (COSO) issued an exposure draft in December 2012 which contained proposed updates to the internal control framework they previously issued in 1992.
Do you want to give $1,000,000 to your ex-spouse? Neglecting to update your will, retirement account beneficiaries, and life insurance policies when major life changes occur can lead to unwanted outcomes. Imagine a situation where an individual’s ex-wife receives millions of dollars from a life insurance policy while his new
The FDIC recently has offered some interpretations and published new information to banks regarding the allowance for loan losses and problem loans.
With the April 15 tax filing deadline fast approaching, grousing about paying off remaining taxes is coming back into vogue. Pesky credit card bills are annoying too, on a more frequent basis. The purpose of this article is to warn of unintended consequences if you combine these two formidable nuisances.Â
In our January newsletter addressing significant changes impacting whether expenditures should be deducted or capitalized, we noted there was some uncertainty in the recently-issued Temporary Regulations over how the new rules would be implemented and whether an Application for Change in Accounting Method form would be used to report or request
As noted in the Feb. 6 issue of Mainebiz, Maine again received a very poor ranking for its business tax climate. Specifically, it ranked 37th in the annual report by the Washington, D.C.-based Tax Foundation. However, this does not mean the state lacks some valuable tax incentives for businesses. One of the more significant incentives is Maine’s Pine Tree Development Zone program.
The following article provides an overview of three New Hampshire tax incentives – the Community Development Finance Authority (CDFA) Tax Credit Program, the Economic Revitalization Zone Tax Credit (ERZ), and the Research and Development Tax Credit. These credits are unique, and potentially could easily be missed, because they are obtained in a manner much different from other credits.