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The bottom line

FASB Addresses Financial Reporting Impacts of New Tax Law

The potential impacts of the Tax Cuts and Jobs Act keep on coming. Here, FASB addresses the many numerous financial reporting implications. Public and private companies alike will not want to miss this. Read the source article at Journal of Accountancy

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409A Made Simple: Understanding Your Company’s Valuation

By Steve Liu If you’re a startup that grants stock options to its employees, chances are you’ve heard of 409A, a section of the US tax code that’s been around since 2004. Section 409A requires companies to properly value stock options they grant employees, which means they need regular audits to establish the value of […]