Blog

January 15, 2020/Triad Lifestyle

The Best Way to Secure an Internship

Join the Smith Leonard team for our SL Find Your Fit Tour, June 11-12, 2020. We are currently accepting submissions for the 2020 class. The submission deadline is Friday, February 28, 2020.

January Tax Items

As we ring in the new year, Smith Leonard would like to remind you of a few upcoming changes and filing requirements for payroll, personal property taxes, and other compliance issues.

December 30, 2019/Furniture Insights

December 2019 Furniture Insights

Orders are down 8% according to our final Furniture Insights of 2019. Year to date, new orders are 2% lower than the same period a year ago.

2019 Year-End Tax Planning

As 2019 comes to a close, we encourage you to consider year-end planning to take advantage of opportunities to reduce your tax bill and prepare for the year ahead. View our business and individual tax planning guides.

November 26, 2019/Furniture Insights

November 2019 Furniture Insights

Orders are up 7% and shipments are up 6% in the most recent monthly results from Furniture Insights. These numbers don’t tell the whole story, however, as year to date, orders are showing a 1% decline.

October 31, 2019/Furniture Insights

October 2019 Furniture Insights

Orders are down 3% and shipments are down 6%, but mood and sentiment were strong during the latest furniture market, according to our most recent Furniture Insights.

October 29, 2019/Tax

Reminder Regarding Common Taxable Fringe Benefits

As 2019 draws to a close, we would like to remind you of the importance of reporting the proper inclusion of common fringe benefits in taxable wages for employees, officers, and shareholders. Fringe benefits are defined as a form of pay-for-performance of services given by a company to its employees as a benefit and must be included in an employee’s pay unless specifically excluded by law.

October 18, 2019/Accounting and Auditing

FASB Defers Effective Dates of Major New Accounting Standards

At its October 16, 2019 meeting, the FASB affirmed its decisions on two proposed Accounting Standards Updates (ASUs) to extend the deadline to implement FASB standards on current expected credit losses, leases, hedging and insurance that are not yet effective for some or all companies.

September 27, 2019/Furniture Insights

September 2019 Furniture Insights

The 5 month long order decline trend finally ends with this month’s Furniture Insights, as orders are up 6% and shipments are up 1%.

August 29, 2019/Furniture Insights

August 2019 Furniture Insights

New orders in June fell for the 5th consecutive month according to our latest survey of residential furniture manufacturers and distributors.

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