The COVID-19 pandemic will damage the global economy and likely impact business value for the remainder of 2020. While there is no way to know how long a possible recession will last, we may consider the Great Recession as a benchmark for conditions that will prevail over the coming months. In this installment of CTBK’s… Read more »
Author: CTBK Admin
CTBK Face Value: Do You Know What Your Company’s Worth?
Posted by CTBK Admin & filed under Face Value.
In this episode of CTBK’s Face Value, we discuss the benefits of understanding the value of your business and what impacts value to reach short-term and long-term goals. This episode was hosted by Kristin Coffey, a CTBK Senior Consulting Manager focusing on business valuation. Kristin has extensive knowledge in preparing in-depth business valuations for clients… Read more »
CTBK Face Value: Centralized Partnership Audit Procedures
Posted by CTBK Admin & filed under Face Value.
The new Centralized Partnership Audit Procedures (CPAP) applies to all partnerships (LLC’s) for tax years beginning after 2017. Executive Summary: These CPAP are designed to make it easier for the IRS to audit partnerships and collect any underpayments of tax. The IRS will continue to audit partnerships at the partnership level. However, under the new… Read more »
CTBK Face Value: IT Assessment Service
Posted by CTBK Admin & filed under Face Value.
In this episode of CTBK Face Value, CTBK and Lighthouse Technology Services discuss a collaboration to offer a new IT Assessment service to review a company’s IT performance and offer an adviser to assess IT and business risks. This episode was hosted by Gene Kershner, Partner at CTBK, and Randy Harris, President of Lighthouse Technology… Read more »
CTBK Face Value: 1040 Preparation
Posted by CTBK Admin & filed under Face Value.
In this episode of CTBK Face Value, we discuss what you need to prepare your tax return. This episode was hosted by Joanne Bender, a tax principal, and Lynne Gross, a tax manager, at CTBK. Joanne and Lynne provide tax consulting and tax return compliance services for clients year-round.
CTBK Face Value: NYS Employer Compensation Expense Tax (ECET)
Posted by CTBK Admin & filed under Face Value.
In this episode of CTBK Face Value, we discuss the creation of the Employer Compensation Expense Tax (ECET). This episode was hosted by Mary Horbachewski, a CTBK Tax Principal with an expertise in tax accounting, effects of taxation to pass-through entities, and business and individual tax planning.
CTBK Face Value: SOC Reporting
Posted by CTBK Admin & filed under Face Value.
In this episode of CTBK Face Value, we discuss the four types of SOC reports that companies can request from service organization’s to provide assurance of internal controls. This episode was hosted by David Grek, a CTBK manager specializing in providing audit, accounting and consulting services to middle market companies.
CTBK Face Value: Revenue Recognition Implementation
Posted by CTBK Admin & filed under Face Value.
In this episode of CTBK Face Value, we discuss the new Revenue Recognition standard being implemented across all industries for all contracts with customers. This episode was hosted by Karen Antonelli, a CTBK partner specializing in providing audit, accounting and consulting services to middle market companies.
CTBK Face Value: Sales Tax for Online Sellers
Posted by CTBK Admin & filed under Face Value.
In this episode of CTBK Face Value, we discuss the United States Supreme Court ruling in the South Dakota v. Wayfair case. The ruling will impact sales tax compliance for all types of sales in all industries, not simply internet sales. This episode was hosted by Mike Schaffstall, a CTBK partner specializing in providing tax… Read more »
CTBK Face Value: Cost Segregation Studies
Posted by CTBK Admin & filed under Face Value.
In this episode of CTBK Face Value, we discuss the change to bonus depreciation under the new tax law and the benefits of a cost segregation study. This episode was hosted by Steve Brady, a CTBK partner specializing in providing tax and business consulting services to closely-held entities and their owners.