Smith Leonard is proud to announce expanded team capabilities to serve our clients with their sales and use tax needs. Our Sales and Use Tax Group is able to assist clients with sales tax issues, ERP platform integration and nexus surveys.
Explore key trends impacting the nonprofit industry in the Spring 2019 issue of the Nonprofit Standard, including new guidance on taxable income from parking and additional information on the 21% executive compensation tax.
Mixed results for December as orders are up 7% overall, but only 45% of participants reported they experienced an increase. Overall for the year, orders are up 6%, showing an continued positive trend of growth for the furniture industry.
How do you report revenue and expenses from long-term contracts? Some companies that were required to use the percentage of completion method (PCM) under prior tax law may qualify for an exception that was expanded by the Tax Cuts and Jobs Act (TCJA). This could, in turn, have spillover effects on some companies’ financial statements. […]
Accurate overhead allocations are essential to understanding financial performance and making informed pricing decisions. Here’s guidance on how to estimate overhead rates to allocate these indirect costs to your products and how to adjust for variances that may occur. What’s included in overhead? Overhead costs are a part of every business. These accounts frequently serve […]