FINRA's BrokerCheck

Business Wisdom

Thursday, 06 June 2019

Global financial reporting: Focusing on comparability over convergence

Written by Thomson Reuters

The global financial reporting project is alive and well, according to Russell Golden, Chairman of the Financial Accounting Standards Board (FASB). Despite rumors that the FASB and the International Accounting Standards Board (IASB) are at odds, Russell sets the record straight: The boards are expected to continue progress toward improved, aligned financial reporting solutions. Collaborative process “We are in constant contact with IASB members and staff about projects on their research agenda,” Golden said at the 18th Annual Financial Reporting Conference in May. “And we each share our research activities to see if we can continue progress toward improved, aligned solutions...

Thursday, 06 June 2019

Public companies: Are you ready for the new inline XBRL requirements?

Written by Thomson Reuters

The Securities and Exchange Commission (SEC) adopted a rule in June 2018 to require public companies to embed interactive data tags directly into their financial statements using a process called the inline eXtensible Business Reporting Language (XBRL). Here are some benefits on inline XBRL and impending implementation deadlines for public companies of various sizes. Automating financial analysis The SEC adopted inline XBRL in Release No. 33-10514, Inline XBRL Filing of Tagged Data, in part to solve the problem of tagging errors stemming from the current two-step process requirement to submit XBRL data as separate exhibits to financial statements...

Thursday, 06 June 2019

Providing more detailed information about expenses

Written by Thomson Reuters

Ideally, investors should be able to get sufficient information about a company’s future cash flows by looking at the income statement. But they currently don’t because expense information is too densely reported, according to recent discussions by the Financial Accounting Standards Board (FASB). Here’s an update on an ongoing FASB project that aims to make the income statement more useful to those who read it. Status update The FASB’s financial performance reporting project would require more details to be provided in line items on the income statement...

Wednesday, 05 June 2019

Maximizing exit value by building and retaining your team

Written by Rehmann

Eighty percent of business owners are not focused on maximizing value as they transition their business. Instead, they are focused on the effect the transition will have on family members, key employees, customers, suppliers and their community. While keeping key personnel in mind is important, only 15 percent of business owners who plan to transition from their business have hired, trained and developed a plan for employees to take over key operating responsibilities. We've developed a four-part webinar series help you tackle the most common questions and concerns related to succession planning...

Tuesday, 04 June 2019

Send your kids to day camp and you may get a tax break

Written by Thomson Reuters

Among the many great challenges of parenthood is what to do with your kids when school lets out. Do you keep them at home and try to captivate their attention yourself or with the help of sitters? Or do you send them off to the wide variety of day camps now in operation? There’s no one-size-fits-all answer, but if you choose the latter option, you might qualify for a tax break!..

Tuesday, 04 June 2019

No surprises: Why you should check your tax bracket

Written by Thomson Reuters

Many taxpayers learned some tough lessons upon completing their 2018 tax returns regarding the changes brought forth by the Tax Cuts and Jobs Act (TCJA). If you were one of them, or even if you weren’t, now’s a good time to check your bracket to avoid any unpleasant surprises next April. Under the TCJA, the top income tax rate is now 37% (down from 39.6%) for taxpayers with taxable income over $500,000 for 2018 (single and head-of-household filers) or $600,000 for 2018 (married couples filing jointly)...

Tuesday, 21 May 2019

Determining the value of your business

Written by Rehmann

Forty-eight percent of business owners and executives will transition out of their business within the next five years. We've developed a four-part webinar series help you tackle the most common questions and concerns related to succession planning. This second webinar will show why understanding the value of your business is an important factor when planning for the future. With examples of real succession solutions such as shifting ownership to family or key employees, external sales and the use of ESOPs, you will gain useful inishgts to aide in your succession planning process...

Tuesday, 21 May 2019

Market Outlook - May 2019

Written by The Rehmann Team

Economy While the 3.2 percent growth rate captured in first quarter GDP surprised economic commentators, a closer look at the strengths from the report suggest the economy will cool from above-trend expansion to trend growth (approaching 2 percent) by the end of 2019. First quarter results were the best since 2015 as GDP growth benefitted from increased inventory levels (tend to normalize over time) and improvements in foreign trade (considered a more volatile component). Growth in final sales to domestic purchases emerged as a weakness from first quarter GDP falling to 1...

Tuesday, 21 May 2019

Managing your money in a gig economy

Written by Forefield, Inc.

According to the Bureau of Labor Statistics, 16.5 million people rely on contingent or alternative work arrangements for their income. Often referred to as the "gig economy," these nontraditional or contingent work arrangements include independent contractors, on-call and temp agency workers, and those who sign up for on-demand labor through smartphone apps. If you are a contingent worker, you need to pay close attention to your finances in order to make up for any gaps in earnings that may occur between jobs...

Tuesday, 21 May 2019

Time for a mid-year investment check

Written by Forefield, Inc.

Many investors may be inclined to review their portfolios only when markets hit a rough patch, but careful planning is essential in all economic climates. So whether the markets are up or down, periodically reviewing your portfolio with your financial professional can be an excellent way to keep your investments on track, and midway through the year is a good time for a checkup. Here are three questions to consider. 1...

Page 1 of 134

Meet The Rehmann Team

Start typing a name ...
Searching for "{{nameQuery}}"...
Start typing a experience ...
Searching for "{{experienceQuery}}"...
Start typing a location ...
Searching for "{{locationQuery}}"...
Or view a list of team members