Revenue-Related Disclosures for Contractors

As seen in the PICPA Journal – Winter 2019 By: Robert Williams, CPA Beginning in 2018, public engineering and construction companies must comply with extensive revenue-related disclosures required under ASC 606, Revenue from Contracts with Customers. Beginning in 2019 (years beginning […]

Have an Accountable Plan for Expense Reimbursement

Employees may be expected to incur certain out-of-pocket costs as part of their employment responsibilities. This can range from a flight ticket for a meeting to various dues and license fees. Some employers implement policies to reimburse these costs. However, […]

Building a Niche Practice

Early in my career, the partners at Wouch, Maloney & Co. instilled in me the firm’s core values: To be knowledgeable, caring, proactive, and responsive. These four core values have been integral to my personal development, but they’ve also been […]

Bonus Tax Trap

It’s great to get a bonus in recognition of your hard work and outstanding performance, but sometimes bonuses can lead to unpleasant surprises at tax time. Just like regular salary amounts, bonuses are subject to graduated federal income tax rates. […]