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Returning Value Blog

Consider a Roth 401(k) Plan - and Make Sure Employees Use It

Posted by Marty Williams, CPA on May 13, 2019

Roth 401(k) accounts have been around for 13 years now. Studies show that more employers are offering them each year. A recent study by the Plan Sponsor Council of America (PSCA) found that Roth 401(k)s are now available at 70% of employer plans, up from 55.6% of plans in 2016.

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Posted in Business Advisory

Comparing Internal and External Audits

Posted by Aaron K. Waller, CPA on May 10, 2019

Businesses use two types of audits to gauge financial results: internal and external. Here’s a closer look at how they measure up.

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Posted in Audit & Assurance

Close-up on Professional Standards for CPAs

Posted by Jessica L. Pagan, CPA on May 09, 2019

The accounting profession is largely self-regulated by the American Institute of Certified Public Accountants (AICPA). Part of its mission involves the development and enforcement of a broad range of standards for the profession.

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Posted in Professional Standard News

Lean Manufacturers: Reap the Benefits of Lean Accounting

Posted by Melissa Motley, CPA on May 07, 2019

Standard cost accounting doesn’t necessarily work for lean operations. Instead, lean accounting offers a simplified reporting alternative that generates more timely, relevant financial data. But it’s not right for every situation.

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Posted in Audit & Assurance

Put a QOE Report to Work for You

Posted by Michael D. Machen, CPA, CVA on May 02, 2019

An independent quality of earnings (QOE) report can be a valuable tool in mergers and acquisitions. It’s important for both buyers and sellers to look beyond the quantitative information provided by the selling company’s financial statements.

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Posted in Business Advisory

3 Essential Steps to Successful Change Management

Posted by Becky Snedigar on Apr 29, 2019

In good times, organizations often need to change to seize opportunities and keep up with demand. In bad times, they must change because, well, something has clearly gone awry. Whatever its cause may be, change can put great strain on an employer’s ability to accomplish its mission.

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Posted in Payroll, HR & Benefits

Can I Add Personal Days to a Business Trip and Deduct My Travel Expenses?

Posted by Lisa Albritton on Apr 24, 2019

Tacking vacation days onto a deductible business trip.

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Posted in Business Tax

How Entrepreneurs Must Treat Expenses on Their Tax Returns

Posted by Lesley L. Price, CPA on Apr 23, 2019

Have you recently started a new business? Or are you contemplating starting one? Launching a new venture is a hectic, exciting time. And as you know, before you even open the doors, you generally have to spend a lot of money. You may have to train workers and pay for rent, utilities, marketing and more.

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Posted in Business Tax

Deducting Business Meal Expenses Under Today's Tax Rules

Posted by Marty Williams, CPA on Apr 22, 2019

In the course of operating your business, you probably spend time and money “wining and dining” current or potential customers, vendors, and employees. What can you deduct on your tax return for these expenses? The rules changed under the Tax Cuts and Jobs Act (TCJA), but you can still claim some valuable write-offs.

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Posted in Business Tax

Divorcing Business Owners Need to Pay Attention to Tax Implications

Posted by Nick Wheeler, CPA on Apr 18, 2019

If you’re getting a divorce, you know it’s a highly stressful time. But if you’re a business owner, tax issues can complicate matters even more. Your business ownership interest is one of your biggest personal assets and your marital property will include all or part of it.

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Posted in Business Tax

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