Financial statements may be used by different stakeholders for a multitude of purposes. Owners and managers require financial statements to make important business decisions affecting its continued operations. Financial analysis is then performed on these statements, providing management with a more…
Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB) Statement of…
Value Added Tax (VAT) is a tax on consumption levied in the United Kingdom by the National Government. It was introduced in 1973 and is the third largest source of government revenue after Income Tax and National Insurance. It is…
Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB) Statement of…
We know that managing your personal finances can be a daunting task. We are here to review and advise you on your taxes and other financial services. We will help you reach your individual ideals of financial objectives. TAX SERVICES…
Business owners want a comfortable experience, knowing that their financial and tax needs are being met by qualified and experienced professionals. If your company needs assistance with Accounting Services, Tax Services, Financial Statements or Consulting Services, we can provide you with the necessary financial…
Did you know that bonus 50% first-year depreciation will no longer be available to your business in 2014 and beyond? And that the Section 179 expensing limit, which allows you to deduct qualified costs immediately instead of expensing them over…
Did you know that while many tax rules are permanent, others are written to expire at some point in the future? These expiring items are often granted a temporary extension, but a significant number of popular “extenders” terminated at the…
Did you know that bonus 50% first-year depreciation will no longer be available to your business in 2014 and beyond? And that the Section 179 expensing limit, which allows you to deduct qualified costs immediately instead of expensing them over…
What does your tax return say about your financial situation? The fact is, the paperwork you file each year offers excellent information about how you are managing your money—and about areas where it might be wise to make changes in your financial…
2014 Tax Season to Open Jan. 31; e-file and Free File Can Speed Refunds IR-2013-100, Dec. 18, 2013 WASHINGTON — The Internal Revenue Service today announced plans to open the 2014 filing season on Jan. 31 and encouraged taxpayers to…
Five tips for successful revenue recognition implementation By Ken Tysiac December 11, 2013 The top line on financial statements around the world is about to change. And companies need to move quickly to determine which personnel will be responsible for…
As of January 1, 2013, there is a 3.8% net investment income tax on some categories of passive investment income for individuals, trusts and estates that exceed certain income thresholds. As a result, it is in your best interest to…
Do you work at home or have a home-based business? If so, you should be aware that beginning this year, the IRS has created a simpler option for calculating the deduction for the business use of your home. The new…
Does your business qualify for the small business health care tax credit? If your company is wrestling with the cost of health care coverage for employers, this tax credit may help you offset your costs. It’s one of the many…
Did you know that the government shutdown has had an impact on your tax return? Because the shutdown prevented the IRS from doing some of its standard tax season preparation, the tax return filing season will begin a little later…
Pollaro & Associates is a comprehensive local CPA firm. Our core practice includes tax compliance & planning strategies, audit & assurance, management & business consulting, accounting and bookkeeping. We pride ourselves on delivering customized solutions for our clients. With more than 40 years in…
Business owners want a comfortable experience, knowing that their financial and tax needs are being met by qualified and experienced professionals. If your company needs assistance with Accounting Services, Tax Services, Financial Statements or Consulting Services, we can provide you with the necessary financial…
We know that managing your personal finances can be a daunting task. We are here to review and advise you on your taxes and other financial services. We will help you reach your individual ideals of financial objectives. TAX SERVICES…
