Monthly Archives: May 2012

Oil & Gas State Tax Updates

Posted on May 31, 2012

There have been recent legislative changes in Texas and surrounding states. In particular Texas and Oklahoma have incentives that are currently applicable with today’s gas prices. These tax rate changes and incentives are listed below. Arkansas – There is a … Continue reading →

Posted in News & Updates | Tagged Arkansas oil, Florida oil, Louisana oil, New Mexico oil, oil & gas, Oklahoma oil, severance tax rate, state tax update | Leave a comment

Carried Interest-Capital Gains or Ordinary Income?

Posted on May 30, 2012

There have been several legislative proposals to attempt to tax carried interest as ordinary income around for a number of years, but recently it has become a hot topic again. In order to decide which side you agree with, you … Continue reading →

Posted in News & Updates | Tagged Capital Gain, carried interest, general partnership, limited partnership, ordinary income, private equity, venture capital | Leave a comment

JOBS Act gets Signed into Law

Posted on May 24, 2012

Recently, President Obama signed into law the Jumpstart Our Business Startups Act, also called the JOBS Act, which reduces the regulatory and auditing barriers for companies who wish to seek funding and go into the capital markets. The Congress approved … Continue reading →

Posted in News & Updates | Tagged Create new jobs, crowd funding, Dodd-Frank Act, Emerging Grwoth Company, Job Act, President Obama, Sarbanes-Oxley, SEC restrictions | Leave a comment

How to Establish an A/R Process

Posted on May 22, 2012

Creating an efficient A/R process is a vital step for most businesses, which often necessitates a balancing act between you and your customers. Most likely, you and your customers have very different goals. You desire to collect payment as soon … Continue reading →

Posted in News & Updates | Tagged A/R, accounts receivable, Cash flow, Customer | 1 Comment

Employers – Understand the Laws Concerning Uniform & Equipment Costs

Posted on May 21, 2012

The Fair Labor Standards Act, or FLSA, is a federal law that governs the wages employers are required to pay employees. While FLSA allows employers to transfer the cost of uniforms to employees there are some guidelines employers must follow. … Continue reading →

Posted in News & Updates | Tagged Employers, Equipment Costs, Fair Labor Standards Act, FLSA, OSHA, Uniform costs | Leave a comment

How to Check-out a Charity

Posted on May 15, 2012

The Internal Revenue Service recently announced a new online search tool that will help users to easily check on key information concerning tax-exempt organizations, like charities and other nonprofits. The new online search tool is called Exempt Organizations Select Check – … Continue reading →

Posted in News & Updates | Tagged charitable donations, charitable gift, EO Select Check, exempt organizations, IRS | Leave a comment

Maximizing Your Company’s Bonding Capacity

Posted on May 8, 2012

The Bonding and Surety industry is expanding its analysis of contractors’ financial information; therefore the best presentation of this information is even more vital to securing and maximizing bonding capacity for your company. In order to obtain bonding, a contractor … Continue reading →

Posted in News & Updates | Tagged bonding and surety industry, business plan, contractor bonding, corporate tax returns, financial information | Leave a comment

Accounts Receiveable is the life blood of your business

Posted on May 1, 2012

Creating an efficient A/R process is a vital step for most businesses, which often necessitates a balancing act between you and your customers. Most likely, you and your customers have very different goals. You desire to collect payment as soon … Continue reading →

Posted in News & Updates | Tagged A/R, accounts receivable, bank lock box services, business, CPA Firm, credit invoice, deposit, electronic payment | Leave a comment