Blog

December 13, 2019/Tax

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.

July 30, 2019/Furniture Insights

July 2019 Furniture Insights

July results show a declining trend in new orders for the fourth consecutive month but consumer confidence remains positive, according to our latest Furniture Insights.

July 1, 2019/Furniture Insights

June 2019 Furniture Insights

April results show a continued string of declining orders, with 2019 results down 9% from the same time last year, according to our latest Furniture Insights.

May 29, 2019/Furniture Insights

May 2019 Furniture Insights

Signs of a slowdown continue as new orders are down 3% and only 42% of participants saw an increase according to our latest Furniture Insights.

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