News & Resources

Archives: June 2014

Information requested from a licensee during a royalty inspection (commonly referred to as an “audit”) is sometimes not available or not willingly provided by a licensee. The reason may be an interpretational issue within the license agreement, an unwillingness to…

Recently the Los Angeles Business Journal invited one of our partners, Michael Kaplan, to participate in a roundtable discussion on business accounting. The participants discussed various trends, financial advice and a glimpse into the state of business accounting in 2014.…

Summer is a common time to put a home on the market. If you’re among those who are following this trend, it’s important to be aware of the tax consequences. If you’re selling your principal residence, you can exclude up…

Kelly Harper is a partner in the employee benefit plans group in our San Francisco office, where she specializes in both multi and single employer employee benefit plans. Kelly has more than 20 years of experience in auditing employee benefit…

Restricted stock is stock that’s granted subject to a substantial risk of forfeiture. Income recognition is normally deferred until the stock is no longer subject to that risk or you sell it. You then pay taxes on the stock’s fair…

In general, when meal and entertainment expenses are incurred in the context of an employer-employee or customer–independent contractor relationship, one party will be subject to a 50% limitation on the deduction. But which party? Last year, the IRS finalized regulations…

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…

The Patient Protection and Affordable Care Act established a   Patient-Centered Outcomes Research Institute (PCORI) fee on plan sponsors of   applicable self-insured health plans for plan years ending after September   30, 2012.The PCORI fee is based on the…

The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have issued new joint guidance that addresses one of the most important measures investors use when assessing a company’s performance and prospects — revenue. FASB’s version, communicated…

First and foremost, don’t take a lump-sum distribution from your old employer’s retirement plan. It generally will be taxable and, if you’re under age 59½, subject to a 10% early-withdrawal penalty. Here are three alternatives: 1. Stay put. You may…

Archives