Frost, PLLC News

October 10, 2017
Books

How to Maximize Tax Breaks for Work-Related Education Costs

School is back in session. So, it’s time for a refresher on tax breaks for work-related education expenditures. Here’s what individual taxpayers need to know. Are
October 2, 2017
Understand Your Social Security Retirement Benefits

Understand Your Social Security Retirement Benefits

For years, people have questioned the viability of the Social Security system going forward. In July, the Social Security Board of Trustees released its annual report
September 22, 2017
Revenue

Revenue Recognition for Contracts: Changes Coming Soon

Revenue is the top line of your company’s income statement. So, it tends to receive a lot of attention from investors, lenders and other stakeholders. Why?
September 14, 2017

Casualty and Theft Losses: Find the Silver Lining in Dark Clouds

We’re in the midst of hurricane season now, but the eastern and southern shores aren’t the only parts of the country at risk for catastrophic events.
September 5, 2017

Know the Rules for Amending a Federal Income Tax Return

What should you do if you discover an error on a previously filed individual tax return? For example, you might have missed some tax-saving deductions and
August 28, 2017

5 Recent Supreme Court Decisions that Could Affect Your Business

At the end of June, the U.S. Supreme Court adjourned for its summer recess. Here are five recent cases from its 2016 term that may be
August 21, 2017

Unlock the Biggest Possible Deduction for a Home Office

The IRS recently issued a reminder about claiming the home office deduction. In particular, it explained a simplified method that offers a time-saving option. But many
August 1, 2017

Accounting & Auditing: FASB Targets, Hyperlinks, Crowdfunding

What’s On (and Off) the FASB’s Radar? The Financial Accounting Standards Board (FASB) isn’t planning to issue any major accounting standards updates in 2017, because it
July 24, 2017

Recent Developments May Affect Passive Investors with Losses

Do you materially participate in a business or rental activity — or are you just a passive investor who isn’t directly involved in a project’s day-to-day
July 13, 2017

Estate Planning in a Rising Interest Rate Environment

July 3, 2017

Establishing Residency for State Tax Purposes

Have you been contemplating moving to another state with lower taxes? Your move could lower your state tax bill, but you want to make sure to
June 26, 2017

Summer Cleaning: When Can You Purge Your Old Records?

Feeling the urge to purge? April 18, 2017, was the deadline for individuals and C corporations to file their federal income tax returns for 2016 (or
June 14, 2017

Frost, PLLC Expands Further Into Private Wealth Services Names David K. Walser, CPA/PFS as Director of Private Wealth Services

Little Rock, Arkansas (June 14, 2017) – Today, Frost, PLLC, a full-service certified public accounting firm, announced major plans to expand their offerings for private wealth
June 2, 2017

Terkelsen, Smith & Tyree, PLC Merges With Frost, PLLC to Expand Agribusiness Reach in Southwest USA

Yuma, AZ (June 1, 2017) – Effective June 1st, two independent accounting firms, with offices in Arizona, Arkansas, North Carolina and Florida, announced a merger expected
June 1, 2017

10 Simple (and Fun) Ways to Cut Taxes This Summer

It’s already starting to feel like summer in many parts of the country. But the forecast for Washington remains unclear as officials continue to discuss various
April 3, 2017

Factoring Uncertainty into the Value of Your Business

Businesses currently face numerous uncertainties in the marketplace. As President Trump and Republican congressional leaders work toward fulfilling their campaign promises, tax laws could substantially change,
March 27, 2017

How S Corporations Can Save on Federal Employment Taxes

If you own an unincorporated small business, you may be getting fed up with high self-employment (SE) tax bills. One way to lower your SE tax
March 20, 2017

Accounting & Auditing: Business Definition, Chinese Regs, IFRS

Are You Purchasing Assets or a Business? On January 5, 2017, the Financial Accounting Standards Board (FASB) published guidance to clear up the existing rules for
March 10, 2017

Social Media: A Growing Tool for Employee Recruitment

The task of finding talented employees is a continuing problem for many employers. That’s why an increasing number of companies are turning to a popular and