There’s a lot of buzz about the changes in Revenue Recognition guidelines and the changes in Lease Accounting standards. The new Revenue Recognition guidance could change the timing of recognition and the changes in Lease Accounting standards could significantly impact your organization.
Recently, Lucas Horsfall put on a Seminar, which gave an overview of the changes to Revenue Recognition and the new Lease Accounting standards. It was well attended and there was much discussion about the changes to come.
For your reference, we have included the presentations from the Seminar in pdf form. For further questions, please contact our office.
Revenue Recognition Topic
Lucas Horsfall Managing Partner, Mike Amerio, chaired a panel discussion on “Tax Reform Update” at the Los Angeles Business Journal’s, January 22nd Economic Forecast & Trends event, before an audience of several hundred. Mike’s panel consisted of Dean Joaquin, Western Region Tax Leader, RSM US LLP; Kenneth Tindall, Senior Tax Manager, CBIZ MHM; Craig Morris, Los Angeles Tax Partner, KPMG; and David Erard, Partner Tax, Armanino LLP.
Mike Amerio, Mike Sovik and Chris Sailes participated in the Nautica Malibu Classic Triathlon this past weekend. The Classic Triathlon consists of swimming in the ocean at Zuma Beach (Sovik), biking on the Pacific Coast Highway (Amerio) and a running to Point Dume State Beach (Chris). The combined distance for the three events was 21.50 miles. The team finished the three course in 2 hours, 22 minutes and 23 seconds.
Congratulations to Amerio, Sovik and Chris – they did an amazing job!
After a busy Tax Season, Lucas Horsfall employees enjoyed some time together to unwind and have fun!
We took a break during our busy Tax Season to go Bowling together as a Company. Everyone had a great time!
Congress passed one of the most extensive tax reform packages in a generation. The latest reform bill has far reaching consequences for businesses and individuals.
In January, the firm hosted a “Tax Reform Seminar” at the California Club, in L.A. The event was well received and informative for our clients. We hope to do this again in the future, if you are interested in attending please email firstname.lastname@example.org
The Tax Reform presentation is available for your review, if you are interested you can download it here.
US-International Tax Basis Webcast in 20 minutes by Leslie Sobol. Download presentation here.
Global M&A activity saw an increase in 2017. We are fortunate to members of MSI Global Alliance. Through this association we can provide our clients access to 250 law and accounting firms around the world. Our member firms are actively working in advising businesses on both sides of the transactions. Here is the latest M&A newsletter from our association.
This is a true story. Names of people and places have been changed to protect the guilty. To understand this story, you need to know that I was born in India.
I will start by saying that fraud is pervasive. An average US Corporation loses 5% of gross revenue due to fraud. Then It should not be surprising that fraud occurs in M&A transactions. (more…)
We have had the busiest year in our firm’s history performing Quality of Earnings (Q of E) services. We have worked for Private Equity Firms, Search Funds, sellers, and businesses looking to raise capital. Certainly, the level of activity in the market has increased. In addition to that I think that the market is favoring the segment we work in- Middle Market. Until last year most buyers demanded 2-3 years of audited financials before considering a target. (more…)
We want to congratulate Mike Robertson of Altalink Capital and Housatonic Partners for successfully completing their strategic investment in Efficient Forms. We were engaged to perform the Quality of Earnings for this project. Our engagement team consisted of Katja Schaper, Erick Diaz, Jenna Okimoto, Lyn Dahl and Gaurav Malhotra. (more…)