The long awaited revisions to the Financial Accounting Standards Board’s hedge accounting standard are in, but the FASB is advising against adopting the new standards too quickly.
“The accounting standards update for hedging, which FASB issued Monday, takes effect for public companies in 2019 and private companies in 2020 (see FASB releases hedge accounting standard). But FASB is also allowing early adoption for companies if they want to begin using it right away…” [ Read more here ]
After a long drawn out phase, the FASB (Financial Accounting Standards Board) has released their new guidelines for hedge fund accounting…
“The Financial Accounting Standards Board has released its long-awaited hedging standard, the final component of its financial instruments convergence project with the International Accounting Standards Board…” [ Read more here ]
Sterling Accounting is your one stop shop for cutting through the mess of paperwork, account management, payroll, and the dreaded tax time. Get the financial experts on your side and open up time to focus on extending the horizon’s of your business!
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Social security taxes can sink your finances depending on your income level. Protect yourself from financial devastation with the expert accounting services from Sterling Accounting.
“Did you know that if your income is high enough, you’ll have to pay taxes on some of your Social Security benefits? In fact, you may have to pay income tax on up to 85% of your retirement benefit checks. Luckily, there are ways to reduce or even eliminate those taxes by making most of your income nontaxable…” [ Read more here ]
What’s driving your real estate en-devour? Purchasing the right property for a method of income is just the first step – don’t let the upcoming management needs take away from your busy schedule – trust your management operations to Sterling Accounting.
Get a rundown of making the most of your real estate investment with one of the best in the business – Grant Cardone…
It’s the largest lottery winning ever that will be going to one individual winner, but with that large payout, there will also be a large tax bill incoming.
“The one lucky person holding the $758.7 million Powerball jackpot ticket sold in Massachusetts will have an avalanche of financial decisions to make in the coming days and weeks.
It’s the biggest single lottery jackpot win in North American history…” [ Read more here ]
Start paving your road to business success at an early age! Fortune 500 CEO’s and top executives are weighing in on how you can start growing your base in your 20’s…
“Current and former Fortune 500 executives, as well as other business leaders, have given some great career advice on Business Insider’s podcast, “Success! How I Did It.” From Sheryl Sandberg to Steve Ballmer, we pulled the best advice they gave for 20-somethings who have big business ambitions…” [ Read more here ]
Many American’s landed a once in a lifetime chance yesterday to get a glimpse of a full solar eclipse, from Oregon to South Carolina over a 70 mile wide path. If you weren’t in the direct path and only got a partial view, ABC News has you covered with the full recap:
“For a couple of minutes, the temperature dropped, dusk fell in midday, and the sun was replaced by a circle of wispy white light — the glow of the solar corona, which is visible only when the moon directly blocks the sun’s rays…” [ Read more here ]
Sterling Accounting is your answer to opening up the time you need to focus on building your business, by allowing the professionals to worry about the hassles of accounting and bookkeeping. Follow Sterling Accounting on Google+ today and keep up with the latest news and updates.
As we take on more responsibilities, investments, and endure life changes the tax implications can grow significantly. And the failure to plan this out properly can end in a big debt owed when tax time rolls around…
“In order for taxpayers not to find themselves in an underpayment or failure to pay situation, they should regularly review their tax withholding and schedule of estimated tax payments, particularly after a major life event, such as a marriage, divorce or new job…” [ Read more here ]