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Wednesday, 20 September 2017

Market Outlook -- September 2017

Written by Frank Germack III, CFA

Economics Continued positive economic data has been reported on a wider, global level. The U.S. reflected real GDP growth of 2...

Wednesday, 20 September 2017

Five common financial aid myths

Written by Forefield INC.

With some private colleges now crossing the once unthinkable $70,000 per year mark in the 2017/2018 school year, and higher costs at public colleges, too, financial aid is essential for many families. How much do you know about this important piece of the college financing puzzle? Consider these financial aid myths. 1...

Wednesday, 20 September 2017

Medicare and your employer health plan

Written by Forefield, INC.

If you plan to continue working after you reach age 65, you may be wondering how Medicare coordinates with your employer's group health plan. When you're eligible for both types of coverage, you'll need to consider the benefits and costs, and navigate an array of rules.  How does Medicare work with your group health plan?  You can generally wait to enroll in Medicare if you have group health insurance through your employer or your spouse's employer...

Wednesday, 20 September 2017

Life is for the living, and so is life insurance

Written by Forefield, INC.

Life can be busy. The requirements of work and family often leave little time to step back and think about where you've been and where you're heading. But as your responsibilities grow, so does the need to evaluate what would happen if life for you stopped. September is Life Insurance Awareness Month and a good time to reflect on how life insurance can help those you leave behind — the living...

Monday, 11 September 2017

5 keys to disaster planning for individuals

Written by Thomson Reuters

Disaster planning is usually associated with businesses. But individuals need to prepare for worst-case scenarios, as well. Unfortunately, the topic can seem a little overwhelming. To help simplify matters, here are five keys to disaster planning that everyone should consider: Insurance...

Thursday, 07 September 2017

Risk Report -- September 2017

Written by Bill Kowalski

Rehmann Corporate Investigative Services (CIS) compiles Risk Report to help raise awareness of the risks you and your company could face — from fraud to cyber crime and more. We can help protect you against these threats. Call us at 248.267...

Thursday, 07 September 2017

Determining the value of your business

Written by Rehmann

Objectives 48 percent of business owners and executives will transition out of their business within the next five years. Understanding the value of your business is an important factor when planning for the future...

Wednesday, 30 August 2017

Business combinations vs. asset acquisitions: What’s the difference?

Written by Thomson Reuters

Over the years, some financial statement users have complained that the old accounting definition of a business was overly broad and captured too many day-to-day purchases of assets. The broad scope caused many transactions to be subject to the relatively complex rules for business combinations under U.S. Generally Accepted Accounting Principles (GAAP)...

Wednesday, 30 August 2017

Offshore taxes: SEC asks for more disclosures

Written by Thomson Reuters

U.S. multinational companies have been putting a significant amount of their offshore profits in foreign tax havens, but investors say they know little about these tax strategies and the risks associated with them. So, the Investor Advisory Committee, a subcommittee of the Securities and Exchange Commission (SEC), recently asked the Financial Accounting Standards Board (FASB) to revise its 2016 proposal on income tax disclosures to include a requirement for public companies to provide more detailed information about foreign taxes on a country-by-country basis...

Wednesday, 30 August 2017

Doubts on lease standard may result in delays

Written by Thomson Reuters

The new accounting standard for reporting leases goes into effect for public companies in 2019 and private companies in 2020. However, many CFOs and business owners worry that they won’t be able to implement the lease standard on time. As a result of these concerns, the Financial Accounting Standards Board (FASB) recently proposed narrow-scope relief to utilities and oil and gas companies.   Changes to the rules Under existing lease accounting rules, companies have to record lease obligations on their balance sheets only when the arrangements are akin to financing transactions, such as rent-to-own contracts for buildings or vehicles...

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