Solutions + Perspective 2017-06-27T21:21:24+00:00

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What Public Companies Need to Know: FASB’s New Lease Accounting Standard

August 18th, 2017|0 Comments

Recently, the Financial Accounting Standards Board (FASB) issued its long-awaited, new lease accounting standard update, ASU No. 2016-02, Leases (Topic 842). This ASU affects the financial statements of companies [...]

Art, Antiques & Collectibles – Plan To Maximize Tax Benefits

August 9th, 2017|1 Comment

Art, antiques and collectibles are mentioned in portions of the Internal Revenue Code, usually with more stringent rules surrounding them. Note that by donating the same piece of art instead of selling it, you would remove the 28% capital gains tax and you would receive an income tax deduction for the appraised value of the art.

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